This past Friday afternoon, USDA announced the third invitation round of the Feedstock Flexibility Program (FFP) to convert federally-held sugar into ethanol. Ethanol mills must bid by 20 November. Offers must be submitted for each lot in its entirety with a price expressed in U.S. dollars per pound that can be up to four decimal places. No bids will be accepted on partial lots. Lot sizes range from 20 million-135 million pounds. There are 503 million pounds of refined beet sugar and 90 million pounds of raw cane sugar for a total of 593 million pounds. That equates to about 42 million gallons of ethanol.Under the FFP, ethanol mills must take title to the sugar within 30 days. The sugar offerer is responsible for storage costs starting 1...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.