The U.S. soybean industry has long been a success story. The industry was a modest one prior to World War II but saw amazing growth after the war as consumers shifted to using vegoils instead of lard and tallow for cooking. Its growth also was driven by use of soymeal as the main protein source in swine and poultry feeds. This all was made possible by the invention and proliferation of solvent extraction facilities that allowed the efficient separation of soymeal and soyoil. At the same time U.S. demand for soymeal and soyoil was expanding in the U.S. it also was expanding in Europe, Japan, Taiwan and elsewhere. This allowed the U.S. soybean industry to develop robust export markets for soybeans, soymeal and soyoil and to be by...
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.