Stats Canada released its 31 July stocks report this morning and it continued to follow the trend of smaller-than-expected numbers (see table below).It is noteworthy that every one of the numbers is smaller than those from a year ago and generally smaller than the range of pre-report estimates (even though the range of estimates seems very wide). It is particularly noteworthy that the canola stocks number is a full million metric tons less than a year ago. Canada's 2012 canola crop is now expected to be far less than early season forecasts as actual harvest results have been very disappointing. Late season heat and dry weather cut yields. WPI previously commented that Canada already has a significant portion of its exportable canola surpl...
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.