While an announcement is expected next week regarding additional purchases of U.S. soybeans by China, the unknown factor is when the stocks will actually be shipped in view of current pricing for Brazilian origin. China Expected to Announce Large U.S. Soybean Purchases Next Week A delegation of Chinese soybean importers traveling to the U.S. next week with President Xi Jinping is expected to make an announcement 24 September in Iowa regarding major purchases of U.S. soybeans. The total will apparently be millions of tons. This information was provided to Reuters by a source traveling with the group, which includes representatives of COFCO, Sinograin, the Heilongjiang Jiusan Group and the Sunrise Group. Such an announcement is not surprisi...
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.