Milling Wheat The Black Sea market is firmer in sympathy with the rally in Chicago and Matif. However, the rise of the physical market in the Black Sea is much smaller than the impressive move of the futures markets. Consequently, Russian wheat is about $20 more competitive versus U.S. SRW and French wheat on a CNF basis in the major Mediterranean destinations.The concerns about the drought in Southern Russia and Southern Ukraine are growing, and the weather forecast doesn't show any significant rain events for the next 10 days. The wheat condition in Southern Ukraine was already fragile due to the drought in the fall and the severe winter. A reduction of the crop in the Southern Russia will certainly affect the exportable surplus in 201...
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.