Korea Buys Soymeal Korean feed millers have been on a soymeal buying spree this week. On Monday, Korea's Feed Leaders Committee (FLC) bought 80,000 MT of soymeal. Of that amount, the FLC bought 25,000 MT of Indian soymeal from Noble and 55,000 MT of U.S. soymeal from Cargill. Delivery of the two purchases is scheduled for 1 January and 10 February.On Wednesday, Korea's Major Feedmill Group bought 99,000 MT of soymeal. The purchases included 55,000 MT of South American soymeal from Glencore, 20,000 MT Indian soymeal from Wilmar and 24,000 MT of U.S. soymeal from CHS. The quantities are scheduled to be shipped in December and January. Also on Monday, Nonghyup Feed, Inc., the country's largest feed miller, bought 30,000 MT of Indian soyme...
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 €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
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.