GOOD MORNING, Prices are mixed this morning as corn remain mired in bear market territory as values are attached to struggling ethanol. Bear markets ignore friendly input, so even the recent Chinese corn purchases from the US is not enough to counter what could be a growing carry-out. The decline in gasoline demand due to Covid-19 amidst work and travel restrictions is the over-riding bearish component to this market. According to the EIA, US motor gasoline demand was at roughly 6.7 million barrels for the week ending March 27, down 25% from the prev. week. US ethanol use may see an estimated total decline of 741 mln gallons in the March through May time period, which would result in a reduction of 256 mil bu...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.