It would seem the real future growth for U.S. biofuels lies in the export market.New reports indicate that Navigant Research has released a study projecting that global biofuel use will grow from 32.4 billion gallons in 2013 to 51.1 billion by 2022, an increase of 18.7 billion gallons. This projection is surprisingly bearish when compared to the U.S. Renewable Fuel Standards (RFS). The RFS itself increases by more than 20 billion gallons between now and 2022, exceeding the total global expansion that Navigant projects.Per Navigant's study, ethanol's share of the biofuel market will drop from the current 78 percent to about 69 percent in 2022. That would imply 35.25 billion gallons of ethanol. In comparison, the RFS call for 15 billion gallo...
What You Need to Know Today: Shipping in the Black Sea is at a standstill, with neither Ukraine nor Russia yet ready to swerve in this game of maritime and export brinkmanship. Israeli media suggests the U.S. and Iran may be close to making a deal or at least restoring the memorandum of unders...
Just when it seemed the restaurant industry had finally moved beyond the pandemic disruption, the arithmetic of the American food dollar caught up with it. The National Restaurant Association projects that total restaurant and foodservice sales will reach a record $1.55 trillion in 2026, but on...
Key Takeaways: Brazil’s pork exports have more than doubled since 2019 as competitive feed costs, ASF-free status, and expanding global demand have strengthened the country’s position in international markets. Brazil’s abundant domestic production of corn and soybeans provide...
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.