Soybeans Brazil The Brazilian soybean crop keeps rising or at least consolidating production. Trading houses are estimating a baseline of 112 MMT with upside potential of 114-115 MMT versus 113 MMT in the last campaign. January will finish with 1.4-1.5 MMT exported, similar to a year ago. Nevertheless, February exports seem likely to break the record 6.1 MMT set in that month last year, and some traders believe they could reach 6.3-6.5 MMT. This year’s January harvest has been good, securing a good flow for February shipment if weather does not present any issues. While there are some concerns about possible rains next month that may delay harvest or shipments, the chances of this are small. Basis has dropped in the past few weeks...
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.