The U.S. lifted its decades-long ban on crude oil exports in December 2015. Prior to the ban, they had essentially only been allowed to Canada with two exceptions. A review of the latest available data six months after removal of restrictions reveals a few interesting developments.The U.S. lifted its decades-long ban on crude oil exports in December 2015. Prior to the ban, they had essentially only been allowed to Canada with the exceptions being cargoes of Alaskan crude and re-exports of non-U.S. crude. Part of the rationale for the removal of restrictions was that the export demand would support high production and the U.S. crude would add to the world supply, which would keep prices stabilized. Based on prices to date, the monthly averag...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.