Early last week at the 2015 Provincial Economic Working Conference, provincial authorities announced resolutions to continue subsidizing local corn processors in 2016 as a way to help the sector address the corn reserve issue. Oilseeds Soymeal Inventories Up Nearly 16 Percent China’s domestic soymeal inventories continued their upward trend last week and rose to 1.55 MMT, a 210,000 MT increase over the previous week. As a result, that volume closed out the year at 760,000 MT above the year-end total in 2014. Among the surveyed regions, soymeal inventories in northeast China experienced the biggest week-on-week jump as they rose from 110,000 MT two weeks ago to 170,000 MT last week (+56.44 percent). In Shandong and north China, inventorie...
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.