World Perspectives
energy

Propane Situation

In two weeks, the Energy Information Administration (EIA) will resume price reporting on propane (assuming there’s no government shutdown). The price reporting stops at the end of March, but as of 27 March prices were $0.96 per gallon, the lowest March average since 2020. Currently the commercial markets are down; it is one of the few energy commodities that is down on the year other than natural gas, which has declined from record peaks. According to the EIA’s Sepetmber short term energy outlook, inventories are expected to be at the top of the  five-year average range, and even slightly exceed it in early 2024. Prices for the end of 2023 and into 2024 are forecast below the 2022 averages.  This outlook is positiv...

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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.

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