Substitution of Feed Wheat for Corn Continues to Surge on High Corn Prices Fueled by record corn prices and abundant wheat stocks totalling 50 MMT, substitution of feed wheat for corn has expanded dramatically this year, especially in Southern China where corn prices are highest. In Guangdong, feed wheat is currently priced 200 yuan/MT lower than corn. High quality imported feed wheat is reportedly priced 150 yuan/MT lower than corn in Southern China, which has pushed China's wheat imports in 2011/12 to 2.1 MMT (through March), the highest level since 2005. While total feed wheat consumption estimates are difficult to obtain, Bric Agricultural Consultants forecasts the total substitution of feed wheat for corn will be far above last year's...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
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.