First notice day for May futures yielded heavy deliveries against the soyoil contract and, to a lesser extent, soybeans and soymeal. CBOT wheat also saw deliveries, but the grain markets survived the event relatively unscathed. Most of the day’s action was in the soy complex as weaker-tha...
The Treasury Department released its guidance on an updated Greenhouse Gases, Regulated Emissions and Energy Use in Transportation (GREET) model for sustainable aviation fuel (SAF) today. SAF would be eligible for a tax credit known as 40B for the section of the Inflation Reduction Act that cre...
Fertilizer Supplies: The U.S. Department of Commerce is recommending reduced tariffs on fertilizer imported from Russia, but increased duties on supplies from Morocco. U.S. farmers have been asking for relaxing supply constraints from Russia. The U.S. imports about 20 percent of its fertilizer...
Olive oil is a niche product, comprising just under one percent of total global vegetable oil production. It is also higher priced, and only becoming more so as production drops. Europe produces around 62 percent of global olive oil and supplies half the world trade. Production is primarily in...
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.