Industry officials yesterday indicated the Brazilian government is expected tomorrow to increase the minimum amount of biodiesel to be blended into diesel fuel. Evidently, the requirement will be raised from 5 percent to 6 percent on 1 July with anticipation of a boost to 7 percent in November. China Crushing Margins Are Improving, But Still Negative In April of this year, soybean crushers in China were losing about $80/MT on all of the soybeans they processed. This was due to weak soymeal demand, a glut of expensive soybeans in the market and too many soybeans being processed. It was during this period that Chinese importers defaulted on about 500,000 MT of foreign soybeans that had arrived in China or were en route there. The defaults c...
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.