Last week’s WASDE set the tone for the market with a nearly 10 percent cut in U.S. soybean carryover in 2022/23, a deeper cut than expected. Then Malaysia and Indonesia countered that narrative with the former increasing its estimate of palm oil supply, and the latter increasing its palm oil export volume to 2.25 MMT. High soybean prices are stifling demand in China. The latest auction of government stocks sold 18 percent of offerings, an increase for this spring, but still below last year’s weekly uptake. Meanwhile, high diesel prices are boosting prospects for biodiesel. Argentina is increasing its blend requirement and Brazil is contemplating increasing its blend from 10 percent to 15 percent. This dynamic shoul...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
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.