Heretofore, the one primary argument has been that exports of crude oil would increase the domestic price of oil. However, export advocates argue (and the EIA analysis would tend to agree) that the country is now a sizable enough producer that they would instead pull global prices down to U.S. levels.The U.S. House of Representatives voted 261-159 on 9 October to lift the ban on crude oil exports. The bill must now go to the Senate for consideration. Two committees there have already voted to lift the ban; a repeal was passed by both the Energy and Natural Resources Committee (12-10) and the Banking Committee (13-9). Senate Majority Leader Mitch McConnell (R-Kentucky) hasn’t indicated whether he will bring the legislation to the floor. Even...
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...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
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.