Soybeans Market Overview Demand was slow last week with Chinese buyers waiting for the meeting between Presidents Trump and Xi at the G-20 Summit. Given that the meeting would likely have a significant influence on the trade war’s direction, traders did not want to book sales/purchased without the meeting’s outcome more clearly known. The meeting’s outcome was positive, according to President Trump, and Chinese officials indicated the country will purchase additional agricultural products if an agreement is reached. In essence, nothing has changed, however, as no formal agreement was reached. The market is now waiting to see if China shows more interest in purchasing U.S. soybeans in the near-term, or if it will w...
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.