General Comments Markets started very tentative again yesterday afternoon following another day of sharp losses in the soy complex. The selling dried up quickly, and markets very gradually gained some strength. This week's rains across the Corn Belt were widely scattered, with something less than 20 percent of the entire Corn Belt getting anything. There were a few locations that did receive a good amount of rain, but they were very localized. Today's extended forecasts seemed to shift towards the European model that has been warmer and drier the entire summer. Corn and soybean crop ratings should decline again in Monday afternoon's Crop Progress report. There were some reports of increased commercial buying activity in the markets today...
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.