Gasoline futures prices are now higher than ethanol futures prices for the first time in more than six months, a change being driven by a number of factors. Gasoline futures prices are now higher than ethanol futures prices for the first time in more than six months. The nearby (April) for unleaded gasoline is $1.4713 and that for ethanol is $1.421. This change is being driven by domestic gasoline demand, the residual effect of reduced U.S. crude oil output, resurging global demand for oil in China and India, and money funds turning bullish on oil and gasoline.In the U.S., 2016 could be the peak year of fuel consumption based on the current trend in production. The U.S. Energy Information Administration (EIA) reported on 23 February that ve...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.