The durum market has done absolutely nothing over the past several months, while prices for nearly every other agricultural commodity were setting new all-time contract highs. Wheat's all-time highs were established back in 2007/08 when Mpls futures soared above $20 and durum traded as high as $25 a bushel. Wheat didn't approach those price levels this year, but corn and soybeans did establish new record high prices. Back in MY 2007/08 marketing year, wheat supplies were so tight at some points that there was a legitimate fear that wheat could not be bought at almost any price. Cheap Black Sea wheat held world wheat prices in check during the first half of this marketing year, but Mpls March wheat futures did hit $10.34. Durum historicall...
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.