Agriculture is both water and energy. As a prime input to food production, agriculture has long been characterized as the exporting of water. Now it is increasingly the exporting of energy. U.S. ethanol exports rose 16 percent over the past two years and are up 30 percent for the first two months of this year on a year-on-year basis. Value has declined over that same period, reflecting the drop in petroleum prices. Canada is the largest market for U.S. ethanol, taking 44 percent of all exports, and is the fastest growing single market. The second largest market and growing is the United Kingdom. U.S. corn growers are putting an increased emphasis on exporting ethanol because corn exports are down nearly a quarter since 2021. In part,...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
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.