Big Increase in China's Soymeal Exports in CY 2012 Since China built about twice as much soybean crush capacity as its actual crush volume, there has been speculation for some time that the country could one day become a major exporter of soymeal. A lot of China's crush capacity is located along the coast and is in a position to export excess soymeal supplies when the domestic market is saturated.It now appears the expectations of China becoming a major soymeal exporter have become a reality. China's General Administration of Customs this week reported China's soymeal exports in CY 2012 reached 1,232,672 MT. That was 203.4 percent higher than exports in CY 2011. The major destinations were Japan, Vietnam, South Korea, the U.S. and North...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.