While the 2015 U.S. ethanol exports total of 844 million gallons was 2 million gallons below the 846 million gallons in 2014, this was still only the third time they exceeded 800 million gallons.The final 2015 numbers are in for U.S. ethanol, and production reached 14.8 billion gallons, 500 million above the previous year’s 14.3 billion gallons. While the exports total of 844 million gallons was 2 million gallons below the 846 million gallons in 2014, this was still only the third time they exceeded 800 million gallons with the other occurrence in 2011 when they were 1.2 billion gallons. For the past two years, ethanol exports have accounted for about 300 million bushels of corn use.Canada remained the top destination for these exports in 2...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.