The old adage that high prices cure high prices is being proved again by the energy sector. U.S. petroleum output has been growing since 2008, based largely on high world oil prices which helped spur drilling techniques and technology that has accessed new oil reserves known in the business as "low permeability." Those new technologies include horizontal drilling and hydraulic fracturing (fracking), and these are a game changer in terms of oil accessibility.There are three new low permeability basins that are now the biggest contributors to growth in oil production: the Permian Basin in Texas, the Western Gulf Basin in Texas and New Mexico, and the Williston Basin, which includes the Bakken shale formation in the Dakotas and Montana.Texas...
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.