The durum market has done absolutely nothing over the past several months, while prices for nearly every other agricultural commodity were setting new all-time contract highs. Wheat's all-time highs were established back in 2007/08 when Mpls futures soared above $20 and durum traded as high as $25 a bushel. Wheat didn't approach those price levels this year, but corn and soybeans did establish new record high prices. Back in MY 2007/08 marketing year, wheat supplies were so tight at some points that there was a legitimate fear that wheat could not be bought at almost any price. Cheap Black Sea wheat held world wheat prices in check during the first half of this marketing year, but Mpls March wheat futures did hit $10.34. Durum historicall...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.