Planting season is still several weeks away, which means the acreage balance is still in flux, however, multiple factors could shift how acres are traded around the U.S. That is according to CoBank’s outlook, predicting an increase of 4.17 million acres of corn. For soybeans, tariffs on imports of used cooking oil from China and potential tariffs on canola oil from Canada would lift demand for soyoil and encourage farmers to hold on to soybean acres. For corn, volatile trade relations create potential for trade disruptions and tariffs. A trade dispute with Canada may disrupt exports of U.S. ethanol to the largest export market accounting for nearly a third of U.S. ethanol exports. A disruption to the important Mexican market could sev...
What You Need to Know Today: Record biofuel demand continues to support soyoil values, as EIA data show that May soyoil usage as a biofuel feedstock reached a record 1.434 billion pounds. The latest data reinforces the strength of renewable fuel demand and helps explain ongoing investment in a...
Key Takeaways: Soyoil consumption as a biofuel feedstock climbed to a record 1.434 billion pounds in May, setting a new all-time monthly high. Improved 45Z policy clarity in February 2026 has supported stronger soyoil demand from the biofuel sector by providing producers with greater certainty...
Agriculture generates a lot of numbers in addition to crops and livestock. As ag economists, we are continually reviewing crop production, commodity prices, farm incomes, and international trade. You don’t often see much about capital investment in the ag press, however. New mills and gra...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.