Soybeans Market Overview The market was slow in Brazil last week with some action at the beginning on the week when China secured 5-6 vessels for October and November shipment. Later on, there were rumors of a potential agreement, or at least positive meetings between the U.S. and China, on the ongoing trade war. That stopped all demand for Chinese buyers. China purchased some PNW vessels on Monday for October and November shipments, which again stopped all demand for Brazilian soybeans. On the other hand, Brazil is not competitive to any destination other than China, so its exporters need to wait for the Asian giant to resume purchases. Trading houses were slightly long, and most took the chance to sell their position...
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.