Oilseeds Soymeal Inventories Surge Significantly Across China Soymeal stocks rose significantly countrywide except for a drop of 6,900 MT (-8.36 percent) to 74,500 MT in Fujian Province, bringing the national total to 1.24 MMT as of 22 June 2018. That was up 122,100 MT (+10.9 percent) from the week prior and an increase of 35,900 MT (+3 percent) compared with the same week a year ago. Meal stocks grew the most dramatically in the Northeast and Guangdong, ticking up 20,000 MT (+44.4 percent) to 65,000 MT and 26,000 MT (+44.8 percent) to 84,000 MT, respectively. The recent surge has been the result of four straight weeks of price gains in the live pig market and stepped-up utilization rates by the crushing industry. Higher meat prices coupl...
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.