Regional News WPI sources in Brussels say it’s increasingly likely that the EU Deforestation Regulations will be delayed until the region can develop better implementing systems. Recall that EUDR – which would force massive reporting and traceability requirements on seven commodities, including soybeans/products, coffee, cocoa, cattle/beef, and palm oil – is currently supposed to take effect on 31 December 2024. Estimates for the EU-27 rapeseed crop continue to fall to near 17 MMT due to poor weather across the continent. Kazakhstan’s 2024 wheat supply is forecast at a record-high 20 MMT, up from the prior record of 19 MMT set in 2011. The nation expects about 9 MMT to be exported. Milling...
Macro: Treasury Squeezes Yields, the Dollar Gives Way Today’s markets are offering a lesson in pressure: it rarely disappears — it simply moves. The U.S. Treasury stepped into the bond market after long-term yields surged to levels not seen in nearly two decades. By announcing plans...
Key Takeaways: Weather conditions in Europe have continued to deteriorate following both the EU MARS’ latest balance sheet update and the August WASDE, leaving “official” estimates lagging behind the reality observed on the ground. WPI’s models anticipate a 4 perc...
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.