The stay at home orders and fear of a pandemic caused a run on groceries. Several countries-imposed food export restrictions and collectively this elicited news stories recalling the great food shortage situation in 2006/07. That “shortage” started when India had a short rice crop and the Philippines, followed by many other countries, stared importing extra grain to build food security stocks. The price of rice more than tripled. That was then, but not now when it comes to the available buffer supply of grain. Back in 2006/07, the world carryover for rice had fallen in half compared to 2002 and the surplus of wheat had made a similar decline. But global ending stocks of rice are now at 34 percent, more than double the 2006/07 l...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.