For most commodities it was a lackluster day but there was higher volume trading in soyoil and cattle. Palm oil was the support behind soyoil and cattle values push higher as slaughter falters and demand for boxed beef remains supportive. The U.S. Energy Information Agency (EIA) reported that ethanol output last week was down 3.1 percent to 1.02 million barrel per day, and that ethanol stocks were down a little over one percent to 25.78 million barrels. The agency also noted that gasoline production in the week to 8 March jumped higher at the same time that oil inventories fell as refineries recovered from maintenance procedures. Tomorrow’s USDA Export Sales report could have an outsized influence tomorrow as there...
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.