A few years of relatively high corn prices have encouraged farmers around the world to increase corn production and for a change it appears that reasonably good weather in most major corn producing regions will enable it to happen. In fact, world corn production for 2013/14 appears headed for an amazing rebound after a variety of weather woes including the major U.S. Corn Belt drought-plagued world corn production in 2012/13. In terms of perspective, it is worth reviewing the recent supply/demand history for world corn.It appears that 2013/14 will be a year of world corn records with the increasingly optimistic outlook for corn production in the northern hemisphere. USDA's projected harvested area of 176.5 million hectares would be...
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.