The producers' price for soyoil (grade 4) averaged RMB 6,268/MT (approximately $952.70/MT) last week, up RMB 142/MT ($21.60/MT) from the previous week and RMB 78/MT ($11.93/MT) from two weeks ago. It was also higher than the corresponding week in 2015. Oilseeds Soymeal Inventories Reverse Course After Weeks of Decline As discussed two weeks ago, the torrential rains put a damper on the feed market and the sourcing of hogs. The large volume of imported soybean arrivals in May also contributed to the trend reversal. Consequently, China’s estimated soymeal inventories increased for the first time since 18 April. As of last Friday, the estimated total stood at 610,000 MT, up 110,00 MMT from a week ago and 40,000 MT from two weeks ago. Howeve...
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.