With 19 ethanol plants shutting down since June, the latest WASDE report now shows that 42 percent of the corn supply will go into ethanol. Production fell to 770,000 barrels a day in the week ending 25 January, or 11.8 billion gallons on an annualized basis, according to the Energy Information Administration (EIA). That was the lowest level since weekly records began in June 2010. The total rose to 774,000 barrels last week, bringing average production to 791,000 barrels per day, or 12.13 billion gallons on an annualized basis.The 2013 Renewable Fuel Standard (RFS) is 13.8 billion gallons, which would rely on stocks of 20.1 million barrels, which is near the record high of 22.7 million barrels reached in March, and the 2.6 billion Renewa...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.