Interestingly, as the import window into the U.S. appears to be closing, the Brazilian Sugarcane Industry Association (UNICA) is reporting that domestic ethanol sales have hit an all-time high with an increase of almost 23.5 percent compared with last year.The U.S. Energy Information Administration (EIA) is reporting that ethanol production is up again this week to 939,000 barrels per day. This is almost 5 percent higher than last week and enough to account for more than 98 million bushels of corn on the week, an average pace slightly above USDA's projected five billion bushels on the year. However, most mills are approaching scheduled downtime for maintenance, which could lower the next few weeks' production numbers.Imports are down from l...
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...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.