China Purchases 30 MMT of Grain for Reserves As previously reported, the Chinese government began its state reserve purchase program in early November. By the end of November, it had purchased a total of 30 MMT of grain in Inner Mongolia, Anhui and Heilongjiang. Of that amount, there are 12.18 MMT of corn, up 1.52 MMT year-on-year. The purchased quantity for mid- and late-season rice reached 12.67 MMT, down 303,000 MT year-on-year. Soy purchases dropped 323,000 MT from last year to 480,000 MT since this year's output drop has made farmers reluctant to sell. The Chinese government recently announced that the country's soy production saw an 11.6 percent drop from last year to 12.8 MMT. Some industry experts estimate that this number may be...
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.