The EU Commission has issued its forecasts for sunseed production in Bulgaria and Romania, which indicate notable changes from 2016. Meanwhile, protestors last Friday lifted their blockade of Brazil’s BR-163 highway that had impacted port deliveries. NOPA Soy Crush Falls Below Trade Estimates The National Oilseed Processors Association’s (NOPA’s) monthly soybean crush report of yesterday indicated members processed 138.074 million bushels in June. The daily crush rate was 4.602 million bushels versus 4.815 million bushels in May, a decline of 4.4 percent. The month’s total volume was well below the average estimate of analysts queried by Reuters of 143.093 million bushels as well as the 149.246 million bushels in May and 145.05 million bu...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.