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soy-oilseeds biofuel

Oilseed Highlights: Brazilian Truck Rates; Global Biodiesel Output; U.S. Soy Yield Forecast

Brazilian Farmers Squeezed by Higher Truck Freight Rates Farmers in Brazil’s Cerrados region have long been burdened by the high cost of shipping their soybeans to ports, mostly on trucks. However, they ae now being squeezed by new mandatory and much higher truck freight rates, which the government implemented to settle a trucker strike that almost shut down the country in June. This week the agency that sets the truck rates (ANTT) increased them by an average 5 percent after Petrobras, the state-owned petroleum company, raised the price of diesel fuel by 13 percent. The agency is required to boost the truck rates when fuel prices rise. Farm organizations claim these new rates have hiked the costs of shipping soybeans and other cro...

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Summary of Futures

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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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