Argentina Raises Biodiesel Blend Requirement The government of Argentina announced that effective 1 June, the percentage of biodiesel required to be blended with petro diesel in the country will rise from 7 percent to 10 percent. The increase is expected to raise domestic consumption to about 1.3 MMT (about 387 million gallons).The Argentine government suggested that the increase is needed to offset the loss of diesel output at a refinery in La Plata that caught fire this month. However, the biodiesel industry has been pressing for the increase to offset part of its reduction in exports of biodiesel to the EU. The EU has been collecting provisional duties on Argentine biodiesel after the European Biodiesel Board last year filed an anti-d...
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.