The real gross domestic product (GDP) forecast for the world as weighted by oil consumption, which increased by an estimated 2.4 percent in 2015, indicates a return to a balance that will benefit both oil producers and users.Crude oil is a unique commodity in our economy; its use is vitally important for most other industries and the delivery of their products and services. This is why when oil surpassed $100 per barrel, much handwringing ensued about the impact such high prices would have. Conversely, as the production and processing of oil is a major contributor to the economy, there is the same reaction now about how much overly cheap oil will harm it with prices at lows not seen in 12 years.A recent headline pointed out that distillate...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.