When it comes to supply/demand analyses for corn, ethanol has taken over the top spot on the demand side of the equation, at least temporarily. Back in 2009/10 feed/residual use was 5.125 billion bu while corn used for ethanol was 4.591 billion bu, according to USDA. However, in 2010/11 corn used for ethanol rose to 5.021 billion bu while feed use fell to 4.793 billion bu. USDA predicts that ethanol will widen its lead over feed in 2011/12 with 5.0 billion bu of corn consumed for ethanol, but only 4.550 billion bu going for feed use.If USDA's projections for 2012/13 hold up, feed/residual will retake the lead with feed demand jumping up to 5.450 billion bu while corn for ethanol stays flat at 5.0 billion bu. Assuming that corn feeding in...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.