A combination of declining global prices for soybeans and soymeal together with China's corn price supports has resulted in soymeal and corn now trading in that country at about the same price per ton. China's Soymeal and Corn Prices Now Equal A combination of declining global prices for soybeans and soymeal together with China's corn price supports has resulted in soymeal and corn now trading in that country at about the same price per ton. This week the soymeal price was around 2,530 yuan/MT ($415.16/MT). Because of its relative low price, more soymeal is being included in swine and poultry rations at the expense of corn. That may prove positive for Chinese soymeal demand, but there are reports that some soymeal buyers are defaulting in...
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.