A snapshot of the fuel market shows what could be the classic “good news, bad news” scenario for ethanol demand. The good news is that it’s Labor Day weekend and increased driving ratchets up motor fuel demand. Gasoline prices are higher as well, which increases blending margins. The bad news is that the Labor Day weekend will be over in three days and motor fuel use will fall off. First, a closer look at the good news. As of Monday, 27 August, the average retail price for regular gasoline was $2.83/gallon, $0.43 higher than last year and the highest price on the Monday before Labor Day since 2014. Crude oil prices are seemingly driving gasoline prices, and a $1/barrel increase in the crude oil price – all other thi...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away from oil and the UAE’s departure from OPEC. Meanwhile, the Palestine issue has been deprioritized, and Iran has emerged as more destabili...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.