Gasoline futures prices are now higher than ethanol futures prices for the first time in more than six months, a change being driven by a number of factors. Gasoline futures prices are now higher than ethanol futures prices for the first time in more than six months. The nearby (April) for unleaded gasoline is $1.4713 and that for ethanol is $1.421. This change is being driven by domestic gasoline demand, the residual effect of reduced U.S. crude oil output, resurging global demand for oil in China and India, and money funds turning bullish on oil and gasoline.In the U.S., 2016 could be the peak year of fuel consumption based on the current trend in production. The U.S. Energy Information Administration (EIA) reported on 23 February that ve...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.