Strong demand from the feed industry last week had a notable impact on China's estimated soymeal inventories, reversing a trend from the past three weeks that saw totals catching up with 2014 figures. Oilseeds Soymeal Inventories Fall below 1 MMT Threshold Courtesy of strong demand from the feed industry, China's estimated soymeal inventories fell 31,600 MT last week to 980,000 MT, a 3.13 percent drop from the previous week. That total is also 191,600 MT lower (-16.37 percent) than the same week a year ago, reversing a trend from the past three weeks that saw current inventories catching up with 2014 figures. Among the surveyed regions, last week's estimated soymeal inventories rose to 148,000 MT (+0.6 percent), 107,600 MT (+16.23 percen...
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.