Data from the U.S. Energy Information Administration (EIA) shows that ethanol exports to date have totaled more than 377 million gallons though May, while one producer predicted total volume for the year could reach 800 million-1 billion gallons.Ethanol production was slightly down last week at 965,000 bbl/day, a decrease of less than 1 percent. That rate would yield 284 million gallons for the week and consume just under 5.3 billion bushels of corn if annualized. Those numbers compared with a rate of 973,000 bbls/day the week before, which was the equivalent of 286 million gallons. Blending for the week increased slightly by less than 1 percent.The bigger growth trend is in exports. In a call with shareholders this week, Green Plains manag...
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.