The large rise in China's soymeal exports to nearby markets has been mostly due to the lack of availability this year of the less expensive Indian soymeal. Approximately 86,000 MT were also shipped mainly to Europe, probably non-biotech soymeal sold to animal feeders there. Chinese Soymeal Continues Flowing into Asian Markets The current calendar year has been a banner one for Chinese soymeal exports with the pace continuing in August. China's General Administration of Customs reported the country exported 171,679 MT in August. That brought total soymeal exports in the first eight months of the year to 1.801222 MMT, an increase of 104.2 percent over exports in the first eight months of CY 2013. The main destinations thus far in CY 2014 ha...
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.