Because there was a lot going on in the energy world with both markets and policy in the past week, we thought it would be a good time to look at some of the highlights. The following are a few market developments.Gasoline: Despite rising prices (that are creating political chaos), crude oil demand was down in February more than 2 percent below last February because it is losing market share to natural gas. But while crude is down, gasoline demand is up 0.9 percent, which is the first demand increase in a year. And, because refiners had been facing a reduction in demand, there was excess capacity in operation. With excess capacity, refiners turned to the export market. Interestingly, since expanded ethanol mandates kicked in during 2007,...
What You Need to Know Today: Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The Pro Farmer tour in Ohio pegged the state yield at 180.18 BPA, about 5.5 BPA below the tour’s 2025 estimate. Similarly, the Pro Farmer...
Based on a Depression-era statute, President Trump imposed 50 percent tariffs on $20 billion of exports to the U.S., or about 5.2 percent of the $383 billion worth of goods the U.S. imported from Canada in 2025, according to U.S. Census Bureau data. Of that total, about $39.3 billion was agricu...
Key Takeaways: Brazil’s growing role in global agriculture is accompanied by a major vulnerability: the country imports approximately 88 percent of its fertilizer needs. High natural gas costs and development challenges have limited domestic nitrogen and potash production despite Brazil&...
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.