The U.S. Energy Information Administration (EIA) has released the first month’s data on biodiesel, and it is interesting to look at three key factors in the supply when considering where production might go.The U.S. Energy Information Administration (EIA) has released the first month’s data on biodiesel, which shows year-to-date production up 44 percent at 105 million gallons. While this is only one month’s statistics, it is interesting to look at three key factors in the biodiesel supply when considering where production might go.The Renewable Fuel Standard (RFS): This is the first year since 2013 that there has been a final, binding Required Volume Obligation (RVO) under the RFS for biodiesel. It is 1.9 billion gallons, scheduled to incre...
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.