Dry Weather Reducing India’s Oilseed Production There were expectations earlier this year that India would produce a significantly larger oilseed crop. However, poor rainfall late in the growing season has made it clear that production of soybeans, peanuts and other crops will be lower than projected. The country’s Solvent Extractors Association (SEA) is now forecasting India’s peanut (groundnut) crop will total about 3.735 MMT at most, down 29 percent from 5.275 MMT last year. USDA is currently forecasting the crop at 4.7 MMT but will likely reduce that number in November. India’s soybean production for this year is now estimated at 9.5 MMT, down from earlier forecasts of 10.5 MMT. It has been particularly impact...
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.