The main driver of both soybean import demand and soymeal consumption since 2000/01 has been China. Because of the recent trade dispute with the U.S. and other factors, however, that country is unlikely to be such a dominant factor in the global soy sector. As a result, other key markets must be found to compensate for that loss in the years ahead. China accounted for 80.5 percent of the growth in global soybean imports and 48.8 percent of that in soymeal consumption between 2000/01 and 2017/18. Had it not been for this, the world soy market would be far different from what it is today. If the global demand growth for soybeans continues at the pace it has enjoyed since 2000/01, an additional 80 MMT will need to be produced in a decade. How...
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...
What You Need to Know Today: The U.S. and Iran resumed missile strikes after a brief pause in fighting, raising concerns that the five-month conflict could expand across the Middle East. Jordan intercepted Iranian missiles, Kuwait reported a fatal strike, and drone attacks damaged two natural...
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.