Fears of macroeconomic weakness weighed on markets this past week. That and quad (Turkey, Ukraine, Russia, UN) discussions about opening Ukrainian exports caused November soybeans to fall nearly 55 cents in this week’s trading. The quad is missing the countries imposing sanctions Russia wants removed so the outcome of the negotiations is uncertain despite the happy talk. China is another weight on the global oilseeds market. Its economy is running slow. Q2 GDP growth was just 0.4 percent, the slowest growth since the Wuhan lockdown. Edible oil imports fell to their lowest since February 2015. CASDE lowered domestic edible oil production a half a percent to 28 MMT. Some analysts now believe 2022 GDP will expand by 3.3 percent, not the...
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.