Brazilian Processors Squeezed by China’s Soybean Purchases Despite a record soybean crop in 2018, Brazil’s processors are not having the banner year that might be expected. This is because 69.2 MMT were exported during February-September with a record amount, almost the entire volume, shipped to China. That was the result of higher Chinese demand stemming from the unresolved trade dispute with the U.S. The soybean processing association Abiove today raised its forecast for Brazil’s soybean production in the current crop year from 76.1 MMT to 77 MMT. Chinese processors still want more Brazilian soybeans, however, and are bidding up the price to obtain them. Meanwhile, Brazil’s s crushers have been operating at a los...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.