Oilseeds Soymeal Inventory Continues to Drop The nationwide estimated soymeal inventory tumbled further following the five-day Labor Day holiday celebrations (1-5 May) to reach 590,700 MT as of 10 May 2019, a drop of 31,500 MT (-5.1 percent) from the last full week in April. While official data was not available last week, the inventory actually gained 35,400 MT (+5.7 percent) during the week ended 3 May 2019 as demand slumped because of the holiday. However, the real story is how much lower the inventory is than a year ago. Compared with the same week in May 2018, last week’s estimated total was down 625,100 MT (-51.4 percent). The primary drivers of the year-on-year decrease are declines in feed demand in the Shandong and East reg...
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.