Strong demand from the feed industry last week had a notable impact on China's estimated soymeal inventories, reversing a trend from the past three weeks that saw totals catching up with 2014 figures. Oilseeds Soymeal Inventories Fall below 1 MMT Threshold Courtesy of strong demand from the feed industry, China's estimated soymeal inventories fell 31,600 MT last week to 980,000 MT, a 3.13 percent drop from the previous week. That total is also 191,600 MT lower (-16.37 percent) than the same week a year ago, reversing a trend from the past three weeks that saw current inventories catching up with 2014 figures. Among the surveyed regions, last week's estimated soymeal inventories rose to 148,000 MT (+0.6 percent), 107,600 MT (+16.23 percen...
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...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
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.