Record NOPA Monthly Crush in October The National Oilseed Processors Association (NOPA) yesterday reported its members crushed 172.346 million bushels (4.69 MMT) of soybeans in October. That not only exceeded the 164.242 million bushels (4.47 MMT) in October 2017, it was the highest monthly total ever, surpassing the previous record of 171.858 million bushels (4.677 MMT) set in March 2018. The October total was also more than the average of analysts polled by Reuters of 170.026 million bushels (4.6278 MMT). High crush margins and strong domestic/export demand for soymeal drove the record volume. NOPA also reported its members held 1.503 billion pounds (681,756 MT) of soyoil at the end of October, down from 1.531 billion pounds (694,457 MT...
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.