General Comments Markets were quiet overnight but started to pick up steam this morning when world financial markets rallied sharply higher. The rally in financial markets came following the release of the U.S. July jobs data. The unemployment rate actually rose 0.1 percent to 8.3 percent, but the report said the economy created 163,000 jobs in the month of July. That was well above expectations and compares to a loss of jobs in June. Crude oil also took off sharply higher on the better economic outlook and was trading more than $4 a barrel higher and above $91 in the September Globex contract. The dollar was losing about 0.75 percent most of the day and extended those losses to more than 1 percent by mid-day.Today's extended weather for...
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.