USDA/NASS cut the U.S. corn and yield estimates by 1.8 bushel/acre (BPA) and 1.0 BPA, respectively. Those reductions were well below the average minor changes expected by the trade. This resulted in production estimates that were also well below the average guesses reported by wire services. Clearly, some negative impact of adverse weather on mature crops prior to harvest was accounted for in those estimates. After making adjustments to corn demand, USDA forecast that ending 2018/19 U.S. stocks would fall to 1.736 billion bushels, down 77 million from October and over 400 million bushels lower than ending 2017/18 stocks. The smaller estimated soybean production was more than covered by a reduction of 160 million bushels in total demand (low...
What You Need to Know Today: Record biofuel demand continues to support soyoil values, as EIA data show that May soyoil usage as a biofuel feedstock reached a record 1.434 billion pounds. The latest data reinforces the strength of renewable fuel demand and helps explain ongoing investment in a...
A bipartisan group of 26 lawmakers, led by Representative David Valadao (R-CA), sent a letter to House Speaker Mike Johnson (R-Louisiana) and House Agriculture Committee Chair GT Thompson (R-Pennsylvania) requesting that $5 billion of the temporary economic assistance for farmers go toward spec...
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...
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.