China's auction of state temporary soybean reserves will begin 13 May 2014, according to official sources, and it is estimated that the size will reach 3 MMT with Heilongjiang Province accounting for about 60 percent. Oilseeds Soybean Stocks at Major Ports Soybean stocks at major Chinese seaports reached 6.7 MMT by 5 May 2014, an increase of 140,000 MT from the previous week that indicates more pressure for importers and crushers. The 20 major seaports include Dalian, Qinhuangdao, Tianjin, Longkou, Yantai, Qingdao, Rizhao, Lanshan, Lianyungang, Nantong, Zhangjiagang, Shanghai, Ningbo, Fuzhou, Xiamen, Guangzhou, Zhanjiang, Fangchenggang, Shekou and Shantou. Among the major ports, five are located in Shandong Province where imported soybe...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.