Soybeans Brazil The Brazilian market was quiet last week. Demand was focused on spot (December/January) positions, but U.S. Gulf (USG) offers are currently more competitive. Brazilian offers are at 165F CNF for shipments in those months versus USG offers at 158-157F. Chinese buyers took the latter as a result, awaiting a drop in Brazilian prices. Rising CBOT prices have helped show cheaper FOB levels in Brazil and the U.S., but ocean freight has been offsetting the lower market. Brazilian freight is now around $31-32/MT versus $29.50/MT a few weeks ago. Production in Brazil remains normal with good crop conditions and an expected total 110-112 MMT for the coming campaign. 2.072 MMT of Brazilian soybeans were exported in November against...
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.