World Perspectives
biofuel

Ethanol Exports Can’t Draw Down Stocks

Ethanol exports are on track to set a record in 2018 and will likely top 1.6 billion gallons, approximately 10 percent of all production. However, robust sales have not been able to hold off the building of stocks due to the pace of production. Those stocks reached 23,514 barrels for the week ending 9 November, a total that was 109.4 percent of the same week last year. For the year to date, weekly ending stocks have averaged 103 percent of the same period in 2017. As for production, the latest data from the U.S. Energy Information Administration (EIA) indicates a daily average of 1.067 million barrels for the week ending 9 November, a pace that would equate to 16.35 billion gallons. That puts production at 101.2 percent of last year over t...

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The overnight session opened with little price direction. Grain and soy prices were down just slightly, although they recovered enough to trade in mixed fashion but very light volume. At the morning recess, corn and soybeans were in slightly positive territory, but wheat was a little weaker. Th...

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Straws in the Wind

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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.

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