World Perspectives
biofuel energy

Long Term Energy Outlook: Exporting Ethanol, Importing Biomass Based Diesel

The U.S. Energy Information Administration (EIA) recently released its Annual Energy Outlook (AEO) for 2023 – that report is the Department of Energy’s equivalent to USDA’s long term baseline projection. The USDA’s report forecasts out to 2032, while the AEO forecasts to 2050. The AEO predicts that exports will become the driver of petroleum and liquid fuels. Domestic consumption is forecast not to increase through 2040 (even across high and low-price cases). Liquid fuel use is not projected to return to pre-COVID levels. While miles traveled increase, so does fuel efficiency of the vehicle fleet, offsetting aggregate fuel use. Additionally, the percentage of electric vehicles in the fleet increases. Finally, l...

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feed-grains soy-oilseeds livestock

Market Commentary: Major Markets Bullish for Different Reasons

The CBOT was mostly higher for the day with each of the major markets rallying based on different sets of fundamental reasons.  Corn was the decided upside leader as the 14-day forecast remains hot and dry for the central and Eastern Corn Belt. The shift towards persistent dry weather is c...

Diverging Data on Jobs

As WPI has reported many times over the past two years, conventional economic data is difficult to decipher because the impact of COVID and its aftermath were anything but conventional. It was concurrently an increase in consumer spending power and demand, while a slow-down, to shut down in eco...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains soy-oilseeds livestock

Market Commentary: Major Markets Bullish for Different Reasons

The CBOT was mostly higher for the day with each of the major markets rallying based on different sets of fundamental reasons.  Corn was the decided upside leader as the 14-day forecast remains hot and dry for the central and Eastern Corn Belt. The shift towards persistent dry weather is c...

Diverging Data on Jobs

As WPI has reported many times over the past two years, conventional economic data is difficult to decipher because the impact of COVID and its aftermath were anything but conventional. It was concurrently an increase in consumer spending power and demand, while a slow-down, to shut down in eco...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 23 Corn closed at $6.09/bushel, up $0.165 from yesterday's close.  Jul 23 Wheat closed at $6.19/bushel, up $0.0825 from yesterday's close.  Jul 23 Soybeans closed at $13.525/bushel, up $0.23 from yesterday's close.  Jul 23 Soymeal closed at $397.8/short ton, down $3.6 from ye...

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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.

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