The December WASDE met everyone's expectations, which is to say that without fresh production estimates for U.S. corn and soybeans, it was broadly unexciting. In terms of market fundamentals, we judge the report to be slightly bearish for wheat, just about neutral for corn and mildly supportive for the soy complex. The key takeaway for us is that the overall U.S. and world supply and demand outlook has not changed much, if any, as traders wait on January's much more important quarterly stocks report, final corn and soybean production estimates, winter wheat planted acreage and the resulting supply and demand adjustments.This is not to say that today's WASDE is without interest or significance. In fact, there are some interesting changes a...
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.