USDA’s forecast for U.S. corn use in 2020/21 may be as over-optimistic as its prediction for 2019/20 corn exports, but at this juncture prices have not worked as low as WPI is thinking they should go. In relative terms, the 2020/21 stocks to use ratio is well below levels experienced in the mid-1980’s and no one wants to relive those days. They required the introduction of supply controls and involved a lot of bankruptcies. More instructive from the historical perspective is that large ending stocks eventually decline but sharp drops are not the norm. The 70 percent drop between 1982/83 and 1983/84 was due to one of the most severe droughts of the century and not because of a miraculous burst in demand. This may not even...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.