Indian Soymeal Exports Fall Sharply in December The Solvent Extractors' Association (SEA) of India this week reported that Indian soymeal exports in December 2012 totaled 494,456 MT, down 38 percent from the 798,041 MT it exported in December 2011. Exports of other protein meals (rapeseed, rice bran and cottonseed) in December 2012 totaled 50,490 MT, well below the 155,485 MT of other meals it exported in December 2011.SEA indicates India exported 1,883,677 MT of soymeal during April – December 2012. That was a 26.1 percent drop from the 2,549,824 MT it exported in the same period a year earlier. Exports of other protein meals during the nine-month period totaled 1,027,538 MT. Exports during the same period a year earlier totaled 1,385,6...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.