That is the question for this month’s WASDE. USDA accepted China’s massive adjustment in corn stocks plus a relatively small upward one in its wheat stocks. Both USDA and China also increased the latter’s corn carry-in by 143 MMT from the October estimate. In addition, USDA boosted China’s 2018 corn production estimate by about 30 MMT, which means it found almost an entire “new” corn crop there in one 30-day period. These numbers have of course prompted many questions and much skepticism over how good any of China’s numbers are. More importantly, numerous traders and analysts are wondering why that country is even included in the world wheat and corn supply/demand estimates if it is so unreliable. T...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.