For most of the last 10 years it seems as though the U.S. supply and demand balance for either corn or soybeans has been deemed to have been "tight." Of course, "tight" is a relative term. What constitutes a "tight" supply and demand balance is always loosely defined. It tends to be in the eye of the beholder. Often the adequacy of corn and soybean supplies is measured by the arithmetic ratio between estimated supplies and estimated demand. Based on USDA's estimates, ending stocks of U.S. corn and soybeans for the last three years measured as a percentage of demand and the number of days of use covered by ending stocks are as follows:A combination of crop production that was mediocre or worse and steadily rising demand has resulted in rel...
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.