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: 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.