The global oilseeds situation remained on track this past week with supplies tight and prices rising. March soybeans likely added over 50 cents this week, but nothing is hotter than the global vegetable oil situation. First a look at the overall soybean production situation. South American Soybeans Growers have had a brief respite from the heat and drought, allowing crop conditions to improve somewhat, but damage has been done. A survey in hardest hit Rio Grande do Sul pegs losses at 48.7 percent and the value of lost soy and corn is said to be $6.6 billion. That number rhymes with Paraguay where Michael Cordonnier says soybean output could be 50 percent smaller. Estimates are also falling in Matto Grosso do Sul. Producers in Paraná...
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.