More crushers have suspended or slowed production in order to mitigate crushing losses. It is projected that soyoil prices will remain weak, but there is limited room for further decline. Oilseeds Soybean Stocks at Ports According to China Customs, soybean stocks in China's major seaports reached 6.19 MMT as of 24 March, an increase of 230,000 MT from the previous week. The seaports include Dalian, Qinhuangdao, Tianjin, Longkou, Yantai, Qingdao, Rizhao, Lanshan, Lianyungang, Nantong, Zhangjiagang, Shanghai, Ningbo, Fuzhou, Xiamen, Guangzhou, Zhanjiang, Fangchenggang, Shekou and Shantou. Price Trends Soyoil The soyoil price declined this week. With stocks increasing at ports and the continuing decrease in soybean crushing margins, Chin...
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.