Data from the U.S. Energy Information Administration (EIA) shows that ethanol exports to date have totaled more than 377 million gallons though May, while one producer predicted total volume for the year could reach 800 million-1 billion gallons.Ethanol production was slightly down last week at 965,000 bbl/day, a decrease of less than 1 percent. That rate would yield 284 million gallons for the week and consume just under 5.3 billion bushels of corn if annualized. Those numbers compared with a rate of 973,000 bbls/day the week before, which was the equivalent of 286 million gallons. Blending for the week increased slightly by less than 1 percent.The bigger growth trend is in exports. In a call with shareholders this week, Green Plains manag...
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
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.