According to an Indonesian government official, the French Senate passed biodiversity legislation on 21 January that would impose a very high progressive tax on palm oil. As expected, the government of Indonesia and that country’s palm oil industry have reacted strongly against the proposal. December 2015 U.S. Soybean Crush USDA reported yesterday that U.S. firms crushed 167 million bushels (4.545 MMT) of soybeans in December 2015, an increase over the 165.8 million bushels (4.513 MMT) in November. (It should be noted that a comparison with the December 2014 crush volume is not possible as USDA was not publishing the soybean crush report a year ago.)The agency indicated that soyoil stocks at the end of December totaled 1.577 billion pound...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.