USDA’s survey-based Costs and Returns analysis for U.S. crops will not be updated until 2 May 2022, but it already looks like farming is more profitable than it was. Crop values are higher, but so are input costs, especially for fertilizer and chemicals. Still, based on back of the envelope estimates, the value of growing corn will go up the most. Wheat production still shows a negative outcome, but these are national average numbers, and a lot of wheat is grown on marginal acres. The final numbers may prove to be quite different, but they are still likely to be an improvement. ...
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
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.