Now that we have entered MY 2014/15, it is worthwhile to once again realize just how dominant China is as the main driver of global demand for soybeans and soy products. Data from USDA indicates that that country will account for 91.2 percent of global growth in soybean imports between 2010/11 and 2014/15. China's Continued Dominance of Soybean Trade Now that we have entered MY 2014/15, it is worthwhile to once again realize just how dominant China is as the main driver of global demand for soybeans and soy products. No other country even comes close to being as important in that regard.USDA is forecasting China will import 74 MMT of soybeans in 2014/15. That would be a 5 MMT increase over USDA's estimate for imports in 2013/14 and well b...
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...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.