Mercedes Benz has proposed to the Indian government that it shift its cars and other vehicles solely to biodiesel as a way to comply with a Supreme Court ruling banning large diesel engines. It is not clear, however, where India is going to obtain the feedstocks to produce enough biodiesel to meet its future needs. Countries with Highest Projected Nominal Growth in Soymeal Demand for 2015/16 The growth rate for soybean demand has far exceeded that for other major commodities in the last 25 years. This has been mostly driven by demand for soymeal needed to produce the animal protein that consumers in developing countries have been increasingly able to afford. If USDA’s forecasts are accurate, soymeal demand will rise another 14.08 MMT or 7...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.