Corn Mexico Approves Argentine Corn Mexican authorities have approved imports of Argentine corn in order to circumvent the tight supply and demand situation with U.S. corn. After Japan, which will import about 15 MMT of corn in 2012/13, Mexico is the world's second-largest corn importer and will import as much as 9 MMT this year. Mexico's import volume is down 2 MMT from the 2011/12 period because of a 2 MMT increase in its production (USDA estimates Mexican corn production for 2012/13 at 20.7 MMT versus 18.7 MMT in 2011/12). White corn, which mainly comes from South Africa, represents about 1.5 MMT of the total 9 MMT. The balance is yellow corn, which mostly has been imported from the United States. Argentina will now have the opportun...
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 €...
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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.