The bottom line is that the refinery capacity in the Gulf is now less dependent on imported oil than ever before.As we reported yesterday, the talking point about domestic energy independence and weaning the U.S. economy from foreign oil is still alive and well in the energy and biofuels debate. As Wesley Clark, co-chairman of Growth Energy, said at the Senate Committee on Environment & Public Works hearing last week, the Renewable Fuel Standard (RFS) is "one of the key components that have helped lower our dependence on foreign oil by 33 percent" and that the U.S. needs to keep it at high levels because "... oil is a global market. We don't control the price."However, we do enjoy a big spread and not because of biofuels. The U.S. Depar...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.