According to EIA, the renewable share of energy consumption in 2015 was its largest since the 1930s. Meanwhile, the most significant decline of U.S. fossil fuel use in recent years has been in coal, which saw its consumption fall 13 percent last year.Over the past 35 years, annual ethanol use has risen from 83 million gallons to 13.94 billion gallons, which is an overall annualized growth rate of more than 490 percent. Most of the increase has of course occurred since the Renewable Fuel Standard (RFS) was enacted in 2005.Biofuels, however, have not been the fastest-growing renewable energy source in the past decade. According to recently released U.S. Energy Information Administration (EIA) data, solar and wind for electricity generation ha...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.