War and China The U.S. and Israeli attacks on Iran also involve China, tangentially if not directly. Iran has been supplying about 13.4 percent of China’s oil imports, roughly 1 million barrels per day. The attacks follow the U.S. removal of Venezuela’s leader, a country that is a smaller supplier of oil to China but still important. Beijing has called the attacks unacceptable, reckless, destabilizing, and has demanded restraint. But thus far it has only used words. Oil is fungible. Supplies from Russia and other Middle East countries will likely increase, but they will come at a higher price. President Trump says he may provide military security for shipping through the Strait of Hormuz, through which a fifth of traded oi...
Key Takeaways: World prices are strong; U.S. grower data doesn’t show it. Australia's benchmark finished the 2025/26 season 61 percent higher, while the value of the 2025 U.S. clip fell 7 percent. The U.S. clip is coarser than the wool behind the headlines. Only about 7 percent was finer...
Key Takeaways: The recent pullback in crude oil and other energy markets has left many in the ag and biofuels communities wondering what it means for ethanol and biodiesel prices and profit margins. WPI’s research indicates a weak but still significant link between ethanol and crud...
Key Takeaways: Alabama and Louisiana have requested partial waivers of 2027 Renewable Fuel Standard (RFS) requirements, arguing that rising compliance costs are contributing to higher fuel prices and economic hardship. Louisiana Governor Jeff Landry is encouraging neighboring states to join th...
Congress is back in session for the lame-duck period, which is beginning with several contentious issues, including the farm bill, a federal funding deadline, energy legislation, and impeachment proceedings against Pete Hegseth, the Secretary of War. Emblematic of the political uncertainty, the...
From WPI Consulting
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.