As a Senior Research Analyst for Decision Innovation Solutions, S. Patricia Batres-Marquez is responsible for conducting economic data analysis and modeling to evaluate agricultural policies relevant to clients to make informed decisions. Using her research expertise in the analysis of agricultural economic policies and agricultural trade, Patricia provides economic insight applying appropriate methodologies to address clients’ needs. Patricia develops analytical work resulting in a monthly newsletter publication related to the biofuel sector, reports, and blog posts. Also, Patricia develops and maintains economic simulations of interest to clients.Patricia received a BS degree in Business Administration from Universidad Centroamericana “José Simeón Canas” (UCA), El Salvador. She also earned a Master degree in Agricultural Economics from Kansas State University in Manhatttan, Kansas.Prior to joining Decision Innovation Solutions, Patricia worked for the Center for Agricultural and Rural Development (CARD) at Iowa State University where she gained substantial experience in data collection and database development, modeling, and analysis.Patricia has conducted economic research to evaluate policies related to agriculture, food, nutrition, and risk. She has co-authored several research articles published in refereed journals such as the Journal of Food Distribution Research and the Journal of the American Dietetic Association.
In the latest USDA's WASDE report posted July 11, 2019, the 2019/20 soybean production forecast was down 305 million bushels to 3.845 billion bushels month-over-month (Figure 1). This forecast reflected lower planted and harvested area indicated in the June 28, 2019 Acreage report and lower expected yields. Soybean planted acres for 2019 was estimated at 80.0 million acres, down 4.6 million acres from last month. This would be the lowest acreage since 2013; however, this estimate might change.
Until this marketing year, China had been the main foreign market for U.S. soybeans. However, Brazil has taken the lead as China's main soybean trading partner. The United States percent share of China's total imports increased from 22.1 percent in 2012/13 marketing year (MY) to 36.8 percent in 2016/17, however the share declined to 28.7 percent in 2017/18.
Iowa is the number two soybean producer in the country after Illinois. In 2018/19 Iowa produced 565 million bushels of soybeans, which was about 12.4 percent of U.S. soybean production (4.544 billion bushels). U.S. soybean production is mainly destined for crush plants in the domestic market or for exports.
This report presents the latest information on U.S. ethanol production and exports to leading destinations and highlights Iowa's ethanol industry and the importance of this industry in supporting corn prices.
The last Crop Progress report released by USDA on November 26, 2018, indicated the top 18 corn and soybeans producing states were 90 percent and 91 percent harvested, respectively. The World Agricultural Supply and Demand Estimates (WASDE) report released by USDA on December 10, 2018, projected 2018/19 corn production at 14.626 billion bushels, which if realized, would be the second largest after 2016 (15.148 billion bushels). In addition, USDA projected soybean production this marketing year ma
USDA's November 8, 2018, edition of the World Agricultural Supply and Demand Estimates Report (WASDE) contains the latest forecast for the 2018/19 soybean marketing year
By the end of the second quarter of 2018, Iowa added 4 MW of new wind power capacity for a total of 7,312 MW. Based on the newest data from the U.S. Department of Energy, in terms of wind power capacity installed, Iowa is the third in the nation after Texas and Oklahoma.
U.S. pork muscle cut export volume increased 6 percent to 1.165 million metric tons (MT) during the first seven months of 2018 compared with the same period last year.
Although 2018/19 corn exports are forecast down 175 million year-over-year, exports are expected to continue a strong pace in 2018/19 marketing with a forecast volume of 2.225 billion bushels. The forecast was increased by 125 million bushels from June 2018 .
Over 20 percent of U.S. farm products by value are exported each year, making trade a key component for U.S. agricultural sustainability and growth.
Where are the top markets? What are we exporting to these countries?
According to the latest World Agricultural Supply and Demand Estimates Report (WASDE) published by USDA on January 12, 2018, 2017/18 U.S. soybean production is estimated at 4.392 billion bushels, down 33 million bushels compared with the previous month due to lower yields, but up 96 million bushels from the 2016/17 estimate (4.296 billion bushels).
China is the fourth largest producer and consumer of ethanol after the United States, Brazil, and the European Union. China's ethanol gasoline blend rate averaged 2.6 percent from 2008 to 2016, with ethanol consumption ranging from 594 million gallons in 2008 to 1.010 billion gallons in 2016.
The USDA released the October report of the World Agricultural Supply and Demand Estimates (WASDE, October 12, 2017), forecasting higher 2017/18 corn production, increased corn use for both feed and residual and food, seed and industrial (FSI) (excluding corn for ethanol use).
The latest (August 30, 2017) and second USDA forecasts for the 2017 calendar year for U.S. net cash income (gross cash income minus cash expenses) and U.S. net farm income (total gross income minus total expenses), indicate an increase for both measures compared with 2016 estimates. Net cash income is forecast up 12.6 percent to $100.4 billion year over year, whereas net farm income is expected to grow by $1.9 billion (3.1 percent) to $63.4 billion compared with last 2016's estimate ($61.5 bil
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