Oilseeds Soymeal Inventory Sees Modest Decline Since the first full week of November, China’s nationwide soymeal inventory is up 25,500 MT as demand for feed from the hog sector has softened due to the staying power of African swine fever (ASF). With domestic poultry prices experiencing levels not seen since 2016, however, there has been some rebalancing in feed demand from chicken producers. Through the end of last week, the soymeal inventory reversed course and fell 26,600 MT (-2.6 percent) to just over 1 MMT. However, it was up 363,300 MT (+57 percent) versus a year ago. Regionally, the main drivers of the week-on-week decreases were the inventory drops in Shandong and Fujian of 37,600 MT (-29 percent) to 92,000 MT and 9,000 MT (...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.