Brazil’s Soybean Demand in CY 2018 Last week Oil World published soybean usage data for Brazil in CY 2018, which showed it consumed or exported more than it produced that year. This suggests either that crop was larger than estimated, or the country had more available stocks on 1 January 2018 than believed. According to this data, Brazil exported 83.005 MMT of soybeans in CY 2018, up from 68.155 MT the previous year. It also indicated Brazil consumed 16.881 MMT of soymeal and exported 16.877 MMT. This suggests approximately 42.73 MMT of soybeans were crushed domestically. If 2.55 MMT of soybeans for seed are added in, Brazil’s soybean usage last year totaled 128.285 MMT. Oil World estimates Brazil’s 2018 soybean crop at...
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.