Brazil’s biodiesel production is forecast to change notably in 2017, based partially on a revision to the required blending level for biodiesel with petroleum diesel that is to be implemented in the first quarter. U.S. Soymeal Export Sales Up Last Week (None to Europe) Today’s USDA export sales report showed last week was the second-largest in the current marketing year for soymeal with net export sales of 437,400 MT, 76-percent above the past four-week average. However, none were to the EU-28, the world’s largest soymeal import market, which has purchased only 52,400 MT of U.S. soymeal thus far in 2016/17 versus 262,200 MT at this point a year ago. Last week’s sales were to the Dominican Republic (194,700 MT), the Philippines...
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.