World Perspectives
biofuel

Ethanol to Rebound in New Crop Year

The Energy Information Administration (EIA) released its June Short-Term Energy Outlook (STEO) today, dropping its forecast for ethanol use for the third month in a row. Per today’s report, consumption this year is projected to average 804,000 barrels per day (bpd), down from 815,000 barrels per day (BPD) in May. That is about 12.88 billion gallons. Of course, much of the reduction for that yearly average is based on what has already taken place under the COVID-19 lockdown, with gasoline use down about 23 percent in Q2 2020. Ethanol consumption is projected to rebound in the second half of the year and continue for the next 18 months, as is ethanol production, but not really dramatically until the new corn marketing year with a 7.5...

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China is Officially a Presidential Campaign Issue

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Both President Trump and Democratic nominee former Vice President Joe Biden have set their rhetorical sights on China policy as the 2020 Presidential campaign heats up. The Biden campaign unveiled its latest economic blueprint, a plan to “Ensure the Future is Made in all of America by All...

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feed-grains

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.365/bushel, down $0.0825 from yesterday's close.  Sep 20 Wheat closed at $5.2475/bushel, down $0.0925 from yesterday's close.  Nov 20 Soybeans closed at $8.7525/bushel, down $0.155 from yesterday's close.  Dec 20 Soymeal closed at $291.7/short ton, down $...

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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.

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