Canadian Canola Crop is in Big Trouble. While most of the attention in the U.S. has been focused on the drought in the upper Midwest the drought in the Canadian prairie provinces appears to be even worse. And that is a big problem for the canola crop in Manitoba, Saskatchewan, and Alberta. The three provinces have experienced record-breaking high temperatures and minimal rainfall in the last two months and the nearby outlook is for little relief. Some farmers in Manitoba indicate their canola crops are barely hanging on hoping for rainfall. A farmer in Manitou indicated to Reuters that his crop is maturing weeks early because of the heat and drought and believes he will experience an 80 percent yield loss unless substantial rain comes ver...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.