Farmers in northern Argentina evidently have found a way of avoiding the nation's 35 percent export tax by smuggling their soybeans into neighboring Paraguay where they are classified as produced in that country. They can then be shipped back to Argentina and exported as Paraguayan soybeans. Oil World Sharply Reduces Estimate of India's 2013 Soybean Crop This week's edition of Oil World reduces the estimate for India's 2013 soybean crop to just 8.9 MMT from 9.7 MMT. That is well below its forecast of 11 MMT for the 2012 Indian crop and 19 percent below USDA's estimate of 11 MMT for the 2013 crop. Oil World indicates some other firms are suggesting India's 2013 soybean crop is even smaller.Because of the downsized soybean crop, Oil World n...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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.