If global soybean demand continues to rise over the next decade at the same pace as it has since 2000/01, the world will need an additional 70-80 MMT of soybean production to meet global demand in 2023/24.The last five years have been pretty phenomenal for the global soybean sector. If USDA's forecasts are correct, the world will consume 270.867 MMT in 2013/14. That would be 49.657 MMT (22.4 percent) more soybeans than the 221.21 MMT consumed in 2008/09. China is forecasted to account for 28.0065 MMT or 56.5 percent of that consumption growth with practically all of the growth in global soybean imports. That country is also forecasted to account for 64.4 percent of global growth in soymeal consumption and 50.6 percent in soyoil consumption...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.