The U.S. grows less than 2 percent of the world’s rapeseed, but some think this will change. This past winter and spring, canola was called a popular crop for planting this year. Its lower input costs combined with higher overall oilseed prices made it a good pick. But that isn’t how it has played out. While output is projected to grow 30 percent, it will not be as large a crop as in 2018/19, which was only slightly larger and considered anomalous. The area harvested will be lower this year than last. It is popular but in a very limited way. The same way that growing canola is engrained in Canadian farmers’ planning, producing corn and soybeans is embedded knowledge and infrastructure for their peers to the so...
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.