Increased refinery runs, based on growth in both capacity and utilization, have helped accommodate gains in U.S. crude oil production. That production averaged 8.7 million barrels/day in 2014, 3.2 million barrels more than in 2010.For years, the U.S. petroleum industry was criticized by consumers, federal authorities and foreign crude oil suppliers for not expanding refinery capacity. In some cases, the disapproval even came from some in the petroleum business, although their complaint was centered on the regulatory costs associated with building a new facility. As we heard many times in the mid-2000s, there hadn't been a new refinery in the U.S. since the late 1970s or early 1980s. To accommodate demand, most U.S. refineries have been oper...
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
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.