Europeans Buy Indian Soymeal European importers have in the last few days purchased about 80,000 MT of Indian soymeal for importation in June and July. The meal was purchased for about $620-$625/MT fas according to wire service reports. One shipment of approximately 15,000 MT evidently was purchased by an Italian firm for prompt shipment.The European buyers had to pay a premium of about $150/MT over Brazilian biotech soymeal or about $100/MT over non-biotech Brazilian soymeal for the Indian soymeal. However, because of shipment backlogs in Brazil and the insistence by EU grocery chains of selling chicken meat produced without biotech feed ingredients, the importers were forced to turn to importing the expensive Indian soymeal.In the mark...
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.