The shrinking U.S. demand for fuel obviously exacerbates the blend wall issue. However, the global demand for crude and petroleum fuel, up about 6.5 percent outside of the U.S., has actually led to refinery expansions that are all targeted to the export market.U.S. energy markets are in a transition phase as is readily apparent from the blend wall issue highlighted by EPA's reduced biofuels volumes for 2014. Gasoline consumption is going down in the U.S. because of higher-mileage cars and the bow wave effect of baby boomers retiring with fewer younger drivers replacing them. This comes at a time when domestic crude oil production is up in the country and when natural gas production is increasing as well. The effect has been that the U.S. ha...
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...
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.