U.S. soybean exports via containers have been exceptionally strong this year, almost all destined to Asia with the key markets being Taiwan, Indonesia, Thailand, Vietnam and Malaysia, and shippers are citing one particular reason. Record Chinese Soybean Imports in July Reuters reported today that China imported 10.08 MMT of soybeans in July, up 31 percent versus June. That is a also record for any month and exceeds the previous high of 9.59 MMT set in May of this year. One reason for the surge was the government’s reduction of the value-added tax on soybeans from 13 percent to 11 percent on 1 July. This resulted in a delay in the discharge of several shiploads arriving late in June until after that date to take advantage of the lower tax...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.