While wet fields have prevented farmers from planting canola in parts of Alberta and Saskatchewan, there is now a growing threat to the crop in southern Saskatchewan and southwest Manitoba. China’s Record Soybean Imports in May China imported a record 9.59 MMT of soybeans in May, according to its customs office. That was 19.6 percent higher than the 8.02 MMT in April and 25.2 percent more than in May 2016. This volume contributed to a glut of soybeans in China and very large negative margins for domestic crushers. Reports indicate those in China’s Shandong Province were losing the equivalent of $46.21 for each MT of soybeans they processed.The large May imports and negative crush margins have also resulted in Chinese importers seeking to...
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.