China Sells Reserve Soybeans China’s National Grain Trade Center today announced the government sold 192,324 MT of reserve stock soybeans at auction. They were sold at 3,043 yuan/MT ($476/MT), only 1.4 percent above the minimum sales price of 3,000 yuan/MT. The volume sold was approximately just 60 percent of the soybeans offered, which were produced in 2012 and 2013. More will be offered for sale in auctions over the coming weeks. Informa Raises Forecast for U.S. Soybean Plantings Informa Economics yesterday raised its forecast for U.S. soybean plantings in 2018, telling clients it now expects a total 89.902 million acres, up from its previous forecast of 89.4 million acres and USDA’s forecast of 88.982 million acres...
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.