U.S. Vegoil Trade Deficit Continues to Grow The U.S. is the world's largest oilseed producer. It is now the world's second-largest oilseed processor after China and the third-largest net importer of vegoils after China and India.USDA's January forecasts for 2011/12 call for the U.S. to export only 0.917 MMT of vegoils, import 3.757 MMT and have a net vegoil trade deficit of 2.84 MMT. That's up from 2.23 MMT in 2010/11 and only 80,000 MT a decade ago. The USDA estimates do not include corn oil, but do include coconut oil, cottonseed oil, olive oil, palm oil, palm kernel oil, peanut oil, rapeseed oil, soyoil and sunflower oil. Net U.S. corn oil exports are about 295,000 MT, but they are on the decline as more is used for food.The graph abo...
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.