The USDA’s July WASDE was, as has been widely reported now, bearish new crop soybeans with a 52.0-BPA national yield and 4.3-Bbu crop projected. Since then, however, the soybean market has expressed concern over the recent shift in weather forecasts to feature hot, dry conditions for the Midwest into August. That has traders beginning to doubt the ability of this year’s crop to meet the July WASDE projection, which would tie the existing record high (set in 2016/17). Given these growing doubts, it seems prudent to examine what the U.S. soybean balance sheet and farm prices would look like under high- and low-yield scenarios. Yield Expectations Early-season crop conditions ratings have a very poor correlation to final yie...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.