India has a mandate to use up to 10 percent ethanol in gasoline and was expected to reach a 5 percent blend rate by September 2016, but that may be in jeopardy because of its bleak sugar situation. Sugar Production Down, Jeopardizing Ethanol Blending Program India is the second-largest producer of sugar after Brazil and the largest consumer. Now sugar is following lentils/pulses as a contributing factor to the country’s financial woes and could be the reason for higher inflation as India may have to turn to imports to ensure an adequate supply. The price may remain stable with the imposition of stock limits, but that will not last long. Sugar exports have already been priced out by enactment of an export tax. Although prices have firmed u...
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.