Canada and the U.S. typically produce about one-fifth of the global supply of malting barley, with Canada accounting for over 60 percent of the total. Last year’s drought sent North American barley production down by over 50 percent and this year’s crop is still the second smallest in years. Ending stocks have not recovered at the same time beer makers and livestock feeders compete for more limited supplies. The result is that prices this year remain elevated and approach last year’s levels. Malting barley comes from the highest quality barley and is typically produced under contract. Barley typically has half the production cost of corn, and a net return that is just slightly lower. Assuming good weather, this is a marke...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.