Milling Wheat The Black Sea milling wheat market is under heavy pressure in sympathy with the U.S. and EU futures' markets, but without much activity. Farmers' selling of the new crop hasn't really started yet. For the time being, the main sellers are the multinationals. Consumers in major destinations have been very quiet during the last two months because of falling prices and volatility in the global environment. On the one hand, farmers have a lot to sell in the coming months. On the other hand, consumers have much smaller coverage for July/August/September than they usually have at this date. So, the question is: Who moves first?The EU allocated 117,000 MT of wheat export licenses this week, bringing the total to 12.3 MMT versus 18...
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.