The bear market for crude oil is having its impact on biofuels around the globe. In the U.S., ethanol prices are higher than gasoline, putting a limit on discretionary blending above the Renewable Fuel Standard (RFS) mandate.The bear market for crude oil is having its impact on biofuels around the globe. In the U.S., ethanol prices are higher than gasoline, putting a limit on discretionary blending above the Renewable Fuel Standard (RFS) mandate. However, the spread between ethanol and gasoline has narrowed recently, making ethanol blending still profitable, especially considering the value that ethanol adds as an octane enhancer. While the precise calculation of octane value is a complex formula of many factors, the U.S. Energy Information...
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.