The projected drop in soybean imports during January and February should give the major crushers some added breathing room as they work through the massive buildup from the fourth quarter of 2015. However, it could also be an omen as China’s livestock market appears headed for a major reset in several areas. Oilseeds Soymeal Inventories Continue to Rise Soymeal inventories rose 70,000 MT (+4.5 percent) to 1.62 MMT in the first week of January 2016 and were 601,800 MT (+59.1 percent) higher than the same week a year ago. Among the surveyed regions, they fell sharply last week to 198,900 MT (-33.7 percent) in northern China and 211,100 MT (-31.9 percent) in Shandong Province. In stark contrast, soymeal inventories increased to 174,300 MT (...
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.