ADM announced yesterday that it plans to add capacity at its rapeseed crushing plant in Straubing, Germany to process non-GM soybeans predominately sourced in the Danube River basin. Cargill to Expand Wichita Soy Crush Plant Cargill announced this week that it plans to expand the capacity of its soybean crushing facility in Wichita, Kansas by 30 percent at an expected cost of $50 million. This is projected to be completed in 2017. The company recently spent $10 million to enlarge capacity at its adjacent oil dressing refining plant. Cargill’s Wichita crushing facility is well located to receive soybeans from growers in central and western Kansas, eastern Colorado, Oklahoma, and the upper Texas Panhandle. ADM to Add Capacity to Crush Non-...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.