As the market recovered this year, there has been growth in certain short positions on the part of producers and merchants. This could well suggest that U.S. producers are finding current futures prices are strong enough to generate a positive return to production.According to the U.S. Energy Information Administration’s (EIA’s) latest Short-Term Energy Outlook (STEO), U.S. crude oil production is forecast at 8.6 million barrels/day in 2017 or about 100,000 barrels more than its previous projection. That compares with a forecast of 8.7 million barrels/day for 2016 and actual production of 9.4 million barrels/day in 2015. The latter of course occurred when West Texas Intermediate (WTI) crude oil prices dropped from highs of more than $60/bar...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.