Most crude oil, ethanol and biodiesel rail shipments in the United States originate in the Midwest (PADD 2). While only a relatively small percentage of crude oil is shipped in this manner, the overall volume has increased as domestic production exceeded pipeline takeaway capacity.As previously reported (see Ag Perspectives, 8 April 2016), The U.S. Energy Information Administration (EIA) has added data on rail movements of ethanol and biodiesel to its Petroleum Supply Monthly (PSM) report. The database, going back to January 2010, is now complete. Only data and estimates on net receipts by Petroleum Administration for Defense District (PADD) were available in the past, but the EIA currently tracks both shipments out and receipts in. PADDs a...
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.