It now appears a situation may be developing that will lead to much lower soybean prices in the future as global soybean production in 2014 might be 24 MMT greater than in 2013. Lower petroleum prices caused by rising global oil and gas production could be another factor. USDA Raises U.S. Soybean and Soymeal Exports and Argentina Soybean Crop USDA today raised its forecast for U.S. soybean exports by 25 million bushels to 1.475 billion bushels (40.14 MMT). It also increased its estimate for U.S. soybean crush by 5 million bushels to 1.69 billion bushels (45.99 MMT). As a result, USDA lowered its forecast for U.S. soybean ending stocks in 2013/14 to 150 million bushels (4.07 MMT). USDA's estimate for average soybeans prices in 2013/14 was...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.