According to the U.S. Energy Information Administration (EIA), rail cars spent twice the time between loading and unloading in the Midwest than last year during the same period, and train speeds were also slowed.After a week of ethanol futures prices exceeding unleaded gasoline prices, things have settled back into a more normal pattern. Ethanol prices started climbing in early February, largely driven by the impact of severe winter weather on rail transportation. About 70 percent of all ethanol comes from the Midwest, and rail loading in and out was impacted by the weather. That backup left an ethanol shortage on the coasts. The typical spread between New York Harbor and Chicago spot ethanol prices is typically about $0.25, but it reached...
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
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.