Back on 31 May WPI updated its world wheat production table and talked about how world wheat supplies were tightening. We wrote that there were still some significant production problems that were getting worse, not better. Unfortunately, that situation has gotten worse, not better, and world wheat supplies are now starting to slip to levels that can now be considered somewhat bullish. This is especially true when you take the wheat situation in concert with the increasingly super tight corn and oilseed outlooks. The table below is an updated version of the one we used in the 31 May article. The numbers in parenthesis indicate the change from the USDA May report to its July report and the change from WPI's 31 May numbers to today.The most...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.