China’s estimated domestic soymeal inventory unexpectedly declined by 50,000 MT (-5.88 percent) last week to 800,000 MT, driven mainly by two factors. Now the Dalian soymeal contract for September (m1609) is up RMB 71/MT ($10.68/MT) to RMB 3,075/MT ($462.46/MT) from a month ago. Oilseeds Soymeal Inventories Fall Again as Processing Rates Drop Defying the previous forecast here, China’s estimated domestic soymeal inventory declined by 50,000 MT (-5.88 percent) last week to 800,000 MT, driven mainly by two factors. The first is the abatement of torrential rainfall, which had caused flooding throughout China and severely hampered major hog-producing provinces like Hebei where 154 people were killed. Daily commerce in Beijing was also notabl...
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.