Record Canadian Canola Crop Statistics Canada sharply increased its forecast on Friday for that country's 2013 canola crop. It raised its forecast from 14.745 MMT to 15.963 MMT. The big increase was based on the high yields that Canada's farmers are harvesting. If realized, it would be by far the largest canola crop Canada has ever produced. However, the StatsCan forecast was still below the average forecast of analysts of 16.6 MMT. That suggests the agency may raise its forecast even more next month.StatsCan forecasted Canada's soybean production this year at 4.817 MMT. That was below the average analyst estimate of 4.8 MMT and last year's crop of 4.93 MMT. It also estimated the country's corn crop at 12.943 MMT. Last year's corn prod...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
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.