Gasoline futures prices are now higher than ethanol futures prices for the first time in more than six months, a change being driven by a number of factors. Gasoline futures prices are now higher than ethanol futures prices for the first time in more than six months. The nearby (April) for unleaded gasoline is $1.4713 and that for ethanol is $1.421. This change is being driven by domestic gasoline demand, the residual effect of reduced U.S. crude oil output, resurging global demand for oil in China and India, and money funds turning bullish on oil and gasoline.In the U.S., 2016 could be the peak year of fuel consumption based on the current trend in production. The U.S. Energy Information Administration (EIA) reported on 23 February that ve...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.