GOOD MORNING, Major trends continue to be to buy soy/sell grains. The new crop 2020 bean/corn ratio now stands at 2.41%, with the tendency for beans to gain on corn during this time period. Wheat and corn worked lower on weaker export inspections yesterday and milder /drier weather allowing harvest to proceed. Soyoil prices continue the bull market on the board, with reduced soy crush and dwindling stocks while demand for alternative vegoils are pushing Chinese soyoil and palm prices to the highest levels in two years. As the 8 November WASDE draws closer, more private estimates appear. Private bean estimates range from 3,500 -3,593 mln bu. USDA estimates world 2019/20 beans at 339 mmt...
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.