General Comments There has been market discussion that China is making some selective wheat purchases to shore up stocks. USDA currently estimates that China will import about 3.5 MMT of wheat to supplement its 2013/14 domestic production of 121 MMT. Those Chinese wheat imports are only about 3 percent of domestic production. Chinese corn imports of 7 MMT are forecast to be a similar 3 percent proportion in relation to the country's total domestic production of 212 MMT. Of course, China's imports of these two grains are dwarfed by the anticipated soybean imports of 69 MMT, which is more than five times larger than China's domestic soybean production of 12 MMT. It is realistic to assume that Chinese buyers have a structure of target price...
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.