The March soybean futures contract price fell by 8.75 cents/bushel today, apparently as a result of USDA reporting an exporter's cancellation of a 120,000 MT soybean sale to China. India's Soymeal Exports Expected to Be Lowest in 26 Years Two key Indian oilseed industry officials today told Reuters that they expect India's soymeal exports in MY 2014/15 (April-March) to be only about 800,000 MT. An official of Ruchi Soya Industries and Darwish Jain, chairman of the Soybean Processors Association of India, said the predicted sharp decline from 2.6 MMT in 2013/14 is a result of a poor soybean crop in 2014, farmers' unwillingness to sell their soybeans at current prices and the fact that Indian soymeal is 5-10 percent more expensive than offe...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.