With the plethora of fresh data that USDA's reports provide each January, the chances that they will contain something surprising is pretty high. When there are perceptions of tight supplies, as was the case this year, it is reasonable to assume that the degree of surprise will also be high. Evidence of this is the fact that each of the last five years' corn futures prices have traded up or down their permissible daily limit immediately following release of USDA's January production and WASDE reports. With today's corn market price action, make that six years in a row.This morning USDA released its final yield and production estimates for U.S. 2011/12 corn and soybeans, the quarterly stocks of grains and soybeans as of 1 December, the ini...
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.