Ethanol groups continue to push for EPA to increase the Required Volume Obligations (RVO), arguing that the agency was overly dismissive of E15 and E85 use of ethanol. Ethanol's Price Exceeds Gasoline's Ethanol futures hit their highest level in two and a half years early this week, reaching north of $3.00. This was the first time that the nearby ethanol futures contract eclipsed the Reformulated Gasoline Blendstock for Oxygenate Blending (RBOB) futures price. However, cash prices on the coasts have exceeded $4.00 recently, and cash ethanol has outpaced RBOB for much of February. Rail logistic problems have ethanol displaced and plant storage is running near capacity, which has even caused production slowdowns. The new pricing is a respon...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.