Industry predictions of a decline in EU rapeseed production are being confirmed by sharply lower yields in Germany. Farmers there are harvesting at least 20 percent less per hectare than last year because of dryness and a heat wave in late June-July. Better U.S. Soy Export Sales Last Week As reported to USDA, last week's export sales of soybeans, soymeal and soyoil were higher than in recent weeks, although they were still small in comparison to annual volumes. Net soybean export sales last week for shipment in 2014/15 totaled 80,800 MT, 65 percent more than the previous four-week average. Increases to the Netherlands (106,400 MT), Mexico (33,000 MT), Indonesia (28,000 MT), Colombia (6,200 MT) and Switzerland (3,300 MT) were partially off...
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.