Ethanol in the U.S. has hit the blend wall of 10 percent. The corn ethanol category alone, which is capped at 13.8 billion gallons, exceeds the 2013 10 percent blend wall of about 13.4 billion gallons. That does not leave room for the advanced ethanol categories, unless they start to squeeze out conventional corn starch ethanol.News from Brazil indicates that Brazilians who drive flex-fuel cars are starting to switch from fillling up with gasoline to cane ethanol after prices for the biofuel fell over the past month. However, in the available U.S. data on the price of E85, production and consumption suggest that E85 consumption has not expanded by a meaningful amount so far in 2013.Because of the drought's impact on corn production in 201...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.