Following China's annual Victory Day celebration on 3 September, downstream demand from the feed sector increased. That caused the country's estimated soymeal inventories to fall last week, a trend expected to continue for several other reasons as well. Oilseeds Soymeal Inventories Fall on Improving Feed Demand Following the annual Victory Day celebration on 3 September, downstream demand from the feed sector increased. As a result, China's estimated soymeal inventories fell last week to 1.21 MMT from the previous week's 1.49 MMT, a drop of 280,800 MT and just 15,200 MT lower than the corresponding week in 2014. Among the surveyed regions, those inventories in northern China and Guangxi Province declined 22.52 percent last week to 140,30...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.