The soybean futures market seems to ignore the seemingly inevitable, bearish shift in soybean supply/demand fundamentals in 2014/15. It is almost as though it is stuck in a bullish rut out of habit.The U.S. soybean supply/demand prospects for the remainder of 2013/14, which ends 31 August, and the new crop 2014/15 that follows offer such an extreme contrast that it is hard to believe that they are so closely connected in time. We offer up the following snapshot of the soybean supply/demand outlook for each year to make that point:For its latest 2013/14 U.S. soybean balance, USDA famously bumped up estimated imports to a record 90 million bushels to cover most of the increases for the crush and exports, then lowered estimated ending stocks t...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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.