New Canola Plant to Be Built in Oklahoma Traditionally, canola is not a crop that has been grown in Oklahoma. However, producers have been experimenting with growing winter canola in recent years and have had some success. The greatest limiting factor has been the lack of a local market for its production. That will now change in 2015 as a result of a decision by Northstar Agri Industries, a subsidiary of PICO Holdings, Inc., to build a canola processing plant in Enid, Oklahoma. The plant will have a daily capacity of 2,200 MT per day (about 690,000 MT per year) and plans call for it to be opened by June 2015. A refinery capable of producing 580 million pounds (263,086 MT) of food-grade refined canola also will be built adjacent to the p...
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...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.