China Shifting to Sourcing Soybeans from Brazil Despite Slow Harvest As expected, Chinese soybean processors have begun shifting their sourcing of soybeans from the U.S. to Brazil. One source indicated today there was only one ship in the Gulf waiting to load U.S. soybeans with four in the PNW to do the same. The problem for China is that the soybean harvested in Brazil is far behind the pace of a year ago. At the end of last week, only 9 percent of Brazil’s soybeans had been harvested. That compares with 24 percent a year ago and the average in past years of 20 percent according to AgRural. Because of the slow harvest there have been relatively little soybeans loaded at Brazilian export terminals. At some ports, no soybeans a...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.