Starch Sector Bleeding, Yet Expanding The production of corn during the major harvest season in October suffered because of scanty rainfall. Prices surged as a result. Delayed sowing and harvest also affected availability, adding to the pressure. Current corn spot prices in India range between $244-250/MT; at the market yard, depending on the area and the delivery, prices are close to $290-296/MT, about 17 percent higher than prices offered this time last year. Even though corn harvest arrivals last month started in good measure, prices did not decrease drastically. The starch industry is not pleased with the situation because corn is being sold at high prices and starch is offered at prices well below the cost of production.Interestingl...
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.