Two events have the attention of the ethanol market: the drone attack on the Saudi oil fields and the expected announcement from the Administration on the 2020 required volume obligation (RVO) to offset the exempted fuels under the small refinery waivers. First, the Saudi situation. Over the weekend, the second largest oil field in Saudi Arabia was attacked by drones, widely suspected by the Saudis and the U.S. to have been at the hands of Iran. The facilities affected account for up to 10 million barrels per day of crude oil production and the resulting shut down could idle about half of that production. WTI crude was up 11.5 percent today and Brent crude was up 12 percent, after a trading session high of 18 percent. Industry estimates a...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
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...
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.