The Renewable Fuels Association yesterday requested “equitable” relief for the “liquid fuel industries” given the coronavirus and the Russian/Saudi crude oil price war. In a statement, RFA noted: While the policy response to turbulence in the energy markets has so far focused largely on supporting crude oil producers, we urge the Administration to recognize that biofuel and agricultural commodity markets are suffering as well. …we implore the Trump administration to take action that equitably supports all liquid fuel industries—including ethanol producers—during this time of unprecedented market uncertainty and unrest. We heard the comment today from a colleague that “now that gasoli...
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
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.