The revival in Indian protein meal exports has had a positive impact on the domestuc soymeal price. It was $342/MT on 9 March 2017, a 29.77 percent drop from $487/MT on the same date a year ago. The question, though, is whether the volume of exports will be similar to those of earlier years. Protein Meal Exports Up; Prices Stable India is again exporting protein meal, but the question is whether the volume will be similar to those of earlier years. The totals have dwindled from a high of 4.381 MMT in FY 2013/14 (April-May) to 2.465 MMT in FY 2014/15 and 1.529 MMT in FY 2015/16. 1.673 MMT were exported during April-February of FY 2016/17, which included .809 MMT (48.35 percent of the total) of soymeal versus a total 1.421 MMT of protein me...
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.