According to the U.S. Energy Information Administration (EIA), domestic fuel ethanol production capacity has increased for the third consecutive year in 2016, which is attributable to two factors.According to the U.S. Energy Information Administration (EIA), domestic fuel ethanol production capacity has increased for the third consecutive year in 2016. As of January, nameplate capacity of U.S. ethanol plants reached slightly more than 14.9 billion gallons, up from 14.368 billion gallons in January 2015. That three-year expansion comes after a 174 million gallon drop in capacity from 2013 to 2014.Nameplate production capacity is the intended full-load sustained output of a facility during a 12-month period, but it is not a physical productio...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.