The August USDA WASDE and NASS production estimates raised the U.S. corn yield while increasing both the U.S. and world corn ending supplies slightly. However, that wasn’t enough to alter the course of the world feed grain supplies. In fact, this was likely just a temporary upward blip in the numbers, which will then trend lower again in subsequent reports. USDA is too high on its world corn production estimate and perhaps also on the U.S. corn yield. We’ll see what the Pro Farmer corn and soybean crop tour thinks about yield prospects this week, although USDA is certainly far more advanced in its methodology. Despite the forecasts for another record yield in the U.S., the rapid change in the world corn supply outlook has been...
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.