Yesterday Bunge announced plans to build a new soybean processing facility at an undisclosed location in either Indiana or Ohio, and adding additional soybean crushing capacity on the inland river system in the U.S. would benefit not just the domestic market. Bunge to Build New Soy Crush Plant in Indiana or Ohio Yesterday Bunge announced plans to build a new soybean processing facility at an undisclosed location in either Indiana or Ohio. This will be the first plant it has built in the U.S. in 15 years, which the company hopes to have in operation by the end of 2019. The last facility it opened was in Council Bluffs, Iowa.Bunge indicated that it needed additional crushing capacity in the eastern U.S. to serve the domestic and export mark...
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.