USDA cannot possibly construct a 10-year baseline that predicts or anticipates certain factors. The only thing we can say with confidence is that unexpected influences that change prospects for supply/demand will come along to move prices.Undeterred by the 12 inches of snow that fell overnight, USDA released its latest 10-year baseline projections for crop production and trade right on schedule. A new version is issued every year about a week prior to USDA's annual Outlook Conference so that interested parties have a chance to see the long-term views of USDA analysts before the conference. It should be remembered that USDA's baseline projections were compiled about three months ago in November. Whatever changes have occurred since tha...
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.