The U.S. Energy Information Administration (EIA) released its February Short-Term Energy Outlook (STEO) last week. Those projections offer a glimmer of hope that the industry can start to chip away at the growing stocks of fuel. The ethanol consumption forecasts for 2019 and 2020 were raised to 951,000 barrels per day (bpd) and 952,000 bpd, respectively, versus the 2018 estimate of 939,000 bpd. The overall motor gasoline consumption is pegged at 9.35 million bpd for both 2019 and 2020, which will support higher ethanol blending next year. Biodiesel consumption is expected to be 164,000 bpd in 2019 and then increase to 174,000 bpd in 2020. Those biodiesel forecasts are projected against production levels of 144,000 bpd in 2019 and 158,...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.