Export demand is playing an increasingly larger role in the energy markets. Since 2010, those exports have more than doubled with very strong growth occurring in the liquid fuel commodity markets. Consider that shipments of ethanol are projected to hit 1.2-1.3 billion gallons this year and grow even further in 2018 against about 1.1 billion gallons last year. China was the largest export market in 2016 before it raised its tariffs. Owing to low prices, though, U.S. ethanol shipments to that country are picking up again in late 2017 despite that. Also, China’s future ethanol demand is expected to be driven by an increased blending mandate. The same can be said for Canada, which has a national current mandate of 5 percent. Provincially...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.