The National Oilseed Processors Association (NOPA) yesterday released its July monthly soybean crush report, which indicated a drop in volume versus the previus month. Meanwhile, at least three Brazilian soybean processors have temporarily shut down plants. NOPA July Soy Crush Falls Below Analysts’ Estimates The National Oilseed Processors Association (NOPA) yesterday released its July monthly soybean crush report. It indicated that members crushed 143.715 million bushels (3.912 MMT) in July, down from 145.05 million bushels (3.48 MMT) in June. Perhaps more importantly, the July crush figure also fell below the average estimate of Reuters-surveyed analysts of 146.729 million bushels (3.994 MMT) and represented a year-over-year decrease of...
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.