The 2016/17 U.S. wheat crop will clearly be small, but it appears unlikely that this will provide fundamental support for a bull wheat market. The anticipated 2015/16 carryout of near 1 billion bushels will provide a cushion, especially considering the composition as well as another factor. One of the few surprises in USDA’s reports last week came from its survey of U.S. farmers’ planting intentions for wheat. They were said to have planted 36.2 million acres of winter wheat, down roughly 600,000 from the January count. USDA put spring wheat planting intentions at 11.4 million acres, over 1.5 million less than expected and more than 1.8 million fewer acres than last year. Total acreage in 2016/17 for all U.S. wheat was reported as 49.6 mill...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.