Ethanol exports are starting the year strong, but there is some uncertainty in major markets.The March World Agricultural Supply and Demand Estimates (WASDE) report from USDA raised the estimate of corn to be used in ethanol production by another 50 million bushels to 5.4 billion during the 2016/2017 marketing year. For the calendar year to date, the weekly average production of ethanol is more than 1.044 million barrels per day, which on an annualized basis would result in 16.01 billion gallons. Obviously, with a cap on conventional ethanol use of 15 billion gallons under the Renewable Fuel Standard (RFS), there is a large amount of U.S.-produced ethanol that needs to find a home in the export market.Last year, according to data from the E...
What You Need to Know Today: Pro Farmer’s crop tour pegged the 2026 U.S. corn crop at 173.2 BPA and anticipated a 15.344 Bbu crop – both figures well below expectations. Pro Farmer forecast 2026 U.S. soybean yields at 53.3 BPA, above most private estimates and USDA’s August W...
Key Takeaways: Gene editing makes targeted changes to a plant’s existing DNA, while genetic modification can introduce genetic material from another organism to create traits not naturally present in the crop. Gene editing is unlikely to replace genetic modification entirely, as the two...
USDA’s August cattle on feed report was released Friday, with the total number of cattle in feedlots with a capacity of 1,000 head or more amounting to 11.1 million head, 102 percent of last year and the same as last month. Placements dropped in July to their lowest total for the month s...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.