Anyone who has spent any time in the military or in college for sure knows what "guts poker" is, and maybe everyone else does as well. Guts poker is what the name implies. It is a game that requires mostly guts and minimal skills. You're either "all in" or you're "out."The old crop corn and soybean markets are starting to remind me of guts poker. The bears are all in on the down side, believing that record yields in 2013 will finally resolve the world's tight supply problem. The bulls are all in on the up side, betting there is a very good chance that someone will run out of soybeans or feed grains before the anticipated record 2013 crops can get into the pipeline. The stakes are very high for both the bulls and the bears. The players in...
Key Takeaways: Brazil confirmed a Newcastle disease outbreak at a commercial turkey farm in Santa Catarina on 18 October, raising concerns about potential disruptions to poultry exports despite the outbreak being confined to a single facility thus far. Mexico and Malaysia have imposed nationwi...
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...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.