A week or so ago we wrote about how farmers will not suffer significant financial losses because of the drought. In fact, it is extremely likely that net farm income will stay very high in 2012/13 despite the drought because of the great crop insurance program. There are, of course, many who will definitely be hurt by the drought, among them:
The business of grain origination in the U.S. has been extremely profitable for several consecutive years. Big crops and high prices have meant big volumes and very wide handling margins. The same has been true on the export side. Hundreds of millions of dollars have or are being spent to build or upgrade facilities in the interior and at export locations. Very small corn and soybean crops also w...
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 €...
