Global Soybean Demand Continues to Outpace Demand for Other Major Crops USDA’s forecasts for global demand in 2018/19 indicate growth in that for soybeans will continue to outpace increases for other major commodities. This has been the pattern for the past 27 years provided adequate supplies were available, and there is every reason to believe it will continue in the future. USDA is forecasting global soybean demand will rise 4.5 percent or 15.423 MMT, approximately the same as in the current and past four marketing years but 241 percent greater than in 1990/91. By comparison, global demand for corn and wheat since that same year has increased 130 percent and 37 percent, respectively. Meanwhile, rice and cotton demand have climbed...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.