Warmer winter weather last year and to date this year is driving higher-than-normal natural gas storage inventories despite demand from the power sector, and two developments may put even more of it on the market to the benefit of the agricultural and fertilizer sectors as well as others.Domestic natural gas production totaled about 73.1 billion cubic feet per day (Bcf/d) for the first eight months of 2016, 1.3 Bcf/d less than during the same period last year. Nonetheless, the U.S. Energy Information Administration (EIA) indicates natural gas in storage reached a record 4,017 Bcf as of 4 November, and that total is now higher. Generally, inventories have been greater than the five-year average for 48 of the past 52 weeks and are currently u...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.