Not frequently discussed in the turmoil about trade sanctions is the energy sector. The three countries with which the U.S. is currently engaged in trade disputes, China, Canada and Mexico, are major markets for energy exports. Ethanol has of course become reliant on exports over the past few years. Nearly 1.4 billion gallons were exported last year or about 10 percent of that used for total domestic use. Approximately 1.8 percent went to China, although that was after it imposed tariffs on imports in late 2016 (unrelated to the current trade disputes). China was a major market for U.S. ethanol in 2015, accounting for nearly 24 percent of all exports before dropping off to 6 percent in 2016. Through the first four months of this year, it w...
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.
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...