Canada's Canola Crop Forecast Well Below Analysts' Expectations Statistics Canada today released its estimates for that country's 2012 crops and the forecast for canola was far below analysts' expectations. The report indicated Canada this year will produce 13.359 MMT of canola, down from last year's crop of 14.493 MMT and the average analysts' estimate of 14.6 MMT. The last StatsCan estimate was for a crop of 15.409 MMT. The average yield is forecasted at 1.6 MT/hectare (1,428 pounds/acre).The big drop in the estimate mostly was a result of heavy losses of canola in the Prairies to heavy winds last month that blew canola windrows away and caused seed pods to shatter. The smaller crop is going to lead to very tight canola supplies in the...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.