Scott Gerlt

Chief Economist for the American Soybean Association

[Scott Gerlt @GerltScott]

@ColleenLuvsCorn 😆

[Scott Gerlt @GerltScott]

@SethMeyerMU I worked with @SethMeyerMU at @FAPRI_MU, twice at the same time.

[Scott Gerlt @GerltScott]

I'm very excited to release work that @ASA_Soybeans has done with @NationalCorn on the effects of Chinese tariffs on U.S. corn and soy. If China enforced current tariffs, U.S. soy prices would fall by $.60 per bushel and corn prices would fall by $0.08. https://t.co/KTvOPNwHsm

[Scott Gerlt @GerltScott]

EPA largely set obligations based on assumptions about feedstock use. Consumption of FOG (which includes UCO and tallow) is on pace to far exceed EPA's assumptions this year. This change pushes out soybean oil at the margin. Read more: https://t.co/ThHeuikEJr

#ussoy #agpolicy

[Scott Gerlt @GerltScott]

@ScottIrwinUI I would also argue this is going to affect investments well before 2027. Winter canola varieties are being developed. Crush plant investors also have to look at this well before 2027.

[Scott Gerlt @GerltScott]

@ScottIrwinUI Traceability standards for ag feedstocks now start in 2026. This will add compliance costs for ag feedstocks and limit the fungability of supply chains.

[Scott Gerlt @GerltScott]

@ScottIrwinUI @scianalysis Soy+canola has about a 30% share in CA currently

[Scott Gerlt @GerltScott]

Check out the latest Economist's Angle https://t.co/xykzthsZKD on the 40B and 45Z biofuel credits. Going from the 40B to 45Z likely drops credits by ~$1 per gal of soy #SAF. Estimates indicate #soy renewable diesel would get $.30 per gal of 45Z credits. #oatt #agpolicy #ussoy

[Scott Gerlt @GerltScott]

@Mattherman09 @BiofuelsSara Illinois looks beautiful!

[Ben Brown @BenBrownMU]

The April NOPA Report was bearish to soybean markets today. The National Oilseed Processors Association reported their members crushed 166 million bushels in April- down from 196.4 million in March, 173.2 million last April and an average trade estimate of 183.1. million bushels.

[Scott Gerlt @GerltScott]

I'm excited to announce that the ASA econ is growing. We are looking for an economist who understands ag and can communicate with diverse audiences. The position will work on exciting and challenging issues. Apply here: https://t.co/pOGuTepGMV

[Scott Gerlt @GerltScott]

Feedstock imports exceeded EPA's forecast by about 550 mil. renewable diesel equivalent gallons in 2023. This was partly driven by rerouted used cooking oil trade after the EU started investigating fraud allegations and by the U.S. UCO premium. Read more https://t.co/enEL5mKSO4

[Scott Gerlt @GerltScott]

@SusanNOBULL Do you have to cut the pieces yourself, too?

[Scott Gerlt @GerltScott]

@ASA_Soybeans surveyed growers to learn how many would comply with the @EPA's Herbicide Strategy proposal. 99% of respondents would incur compliance obligations that only 21% would meet today before considering any application reductions. https://t.co/TroLb8LbSQ

[Scott Gerlt @GerltScott]

@BrianWillott @ASA_Soybeans @gackle Is that solution you know from experience?

[Scott Gerlt @GerltScott]

When you are in Matto Grosso, #Brazil during the #soybean harvest and an accident blocks the highway for miles, everyone gets out and hangs out on the road. American tourists are quite the attraction. @gackle

[Scott Gerlt @GerltScott]

I have the amazing opportunity to travel with @USSEC this week to tour the soybean industry in #brazil. Here four combines are harvesting #soy while one high speed planter is seeding cotton in the same field in Matto Grosso.

[Scott Gerlt @GerltScott]

@BrianWillott @ASA_Soybeans @gackle Fortunately it resolved sooner than expected.

[Scott Gerlt @GerltScott]

The #WASDE increasing the 2023/24 soybean yield underscores how genetics have really improved crop resiliency. Even with tough growing conditions and poor conditions ratings, the U.S. still pulled off an average #soybean yield of 50.6 bushels per acre.