USDA has reduced its forecast for U.S. soymeal usage in 2015/16 with a higher volume of canola meal imports from Canada cited as one of the reasons. Certain actions taken by China are also expected to impact that demand as well as the Canadian canola crush. U.S. Soymeal Demand Curtailed by Large Canola Meal Imports USDA last week reduced its forecast for U.S. soymeal usage in 2015/16 by 180,000 MT. One of the reasons cited was a higher volume of canola meal imports from Canada, which USDA is now estimating at 3.817 MMT, an increase of 9.2 percent over 3.497 MMT in 2014/15. U.S. soymeal demand is also likely to be negatively impacted by a decrease in U.S. DDGS exports to China, which is expected as a result of that county’s ongoing anti-du...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
Food Inflation The Open Markets Institute, which is notably funded by several “anonymous” donors and liberal foundations, obtained a guest editorial in the New York Times in which they blame agribusiness concentration for higher grocery prices. This is their schtick and it is politi...
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.