Global Soybean Demand Continues to Outpace Demand for Other Major Crops USDA’s forecasts for global demand in 2018/19 indicate growth in that for soybeans will continue to outpace increases for other major commodities. This has been the pattern for the past 27 years provided adequate supplies were available, and there is every reason to believe it will continue in the future. USDA is forecasting global soybean demand will rise 4.5 percent or 15.423 MMT, approximately the same as in the current and past four marketing years but 241 percent greater than in 1990/91. By comparison, global demand for corn and wheat since that same year has increased 130 percent and 37 percent, respectively. Meanwhile, rice and cotton demand have climbed...
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...
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...
Soybeans Market Overview After many weeks of almost no activity in Brazil and little activity in the U.S., this week kicked off with a lot of activity in the U.S. soybean market. Once again, the sole buyer was Sinograin/Cofco, acting on behalf of the Chinese Federal Reserve, which purchased a t...
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.