There were almost no soybean trades in Argentina this past week. Demand has been showing up mostly for November and December in search of cheap offers. However, one cargo was traded on Monday at +36 SN for May 2017. That seems expensive, though, compared with Brazil. Soybeans The market has been slower than expected recently, and the week-long national holiday in China has stopped all activity from there. Nevertheless, some Chinese buyers are watching for any good opportunities. As there are plenty of beans offered, however, buyers are not in a hurry to cover. On the other hand, the slow demand is keeping crush margins in China at very good levels.Harvest has already reached around 30 percent in the U.S., and the outstanding yields being...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.