Last week, we reported on the historically low inventory of diesel fuel and how a big cause of that draw down is the backwardated market for distillate fuel oil. There’s demand for immediate delivery, and not much price incentive to build inventories. High energy prices are now being driven by demand against low supplies and are a growing concern for the economy, as well as a political concern for the Administration. Yesterday, President Biden threatened refiners with a windfall profits tax; he said he’d work with Congress to tax “excess profits” because “it’s time for these companies to stop war profiteering” from the Russia-Ukraine war. Moreover, other measures are on the table like an export ban...
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.