Brazilian soybean basis moved sharply higher this week as Chinese buyers suddenly wanted to purchase August soybeans, both FOB and CNF. The basis CNF reaction then provided a window of opportunity to another origin, which sold four cargoes for August to China. Soybeans Brazil Brazilian soybean basis moved sharply higher this week in contrast to the pattern of the past several weeks. Demand from China had been limited during that prior period until its buyers suddenly wanted to purchase August soybeans, both FOB and CNF. Basis CNF reacted by trading August last week in the low $1.30sQ after doing so at $1.23Q about three weeks ago, and it was offered at +$1.40Q for additional sales. On the demand side, buyers have been hesitant to p...
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.