Environmental and wildlife groups have long been critical of palm oil as the cause of the widespread destruction of forests in Indonesia and Malaysia. While they seem to have been successful in slowing the decimation there, this problem appears to be far greater elsewhere. Old Crop Soy Sales Decline amidst Very Large New Crop Sales Today's USDA weekly export sales report showed sales of soybeans and soymeal both declined last week as new transactions were more than offset by cancellations or reductions in sales to unknown destinations. Along with separate daily reports, however, it also noted large sales of soybeans and soymeal for shipment in 2015/16. On balance, all of these reports were very positive for the soy sector.Net soybean expo...
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.