September 5, 2022 – LP Gas
NPGA webinar covers crop progress, propane supply forecasts
By Brian Richesson
According to NPGA in late August, corn development – buoyed by hot and dry weather – caught up to the five-year average, suggesting average moisture content. The association shares the U.S. Department of Agriculture’s crop progress report at npga.org. PERC also offers a grain drying demand model, an online tool that helps propane marketers gauge propane demand and best serve their agriculture customers.
Regional supply forecasts
Rusty Braziel of RBN Energy presented a propane inventory update. Here’s a breakdown of his report by PADD districts.
PADD 1 (East Coast)
The propane supply situation in the Northeast is “looking OK,” according to Braziel. RBN Energy is forecasting inventory above the five-year average in 2022 but below 2021 levels, falling near the bottom of the five-year range in early 2023. U.S. exports from the East Coast addressing war-inflicted energy shortages in Europe are impacting stocks in this region. “They’re looking for anything that will burn as we get into the winter,” Braziel says of the demand across the Atlantic Ocean.
Read the full article here: https://www.lpgasmagazine.com/npga-webinar-covers-crop-progress-propane-supply-forecasts/