Today's announcement that China had bought more U.S. soybeans had less influence on price than prudent action. General Comments It is stating the obvious to say that futures markets are dependent upon expectations, and changing expectations influence the price of futures contracts. There has been a common expectation the past couple of months that the January yield estimates for corn and soybeans will continue to increase in USDA data that will be published on Friday, 10 January. During that same two-month time period, there has also been no real, offsetting bullish news. Instead, China made some major cancellations of U.S. corn, and EPA restrained the ethanol mandate. In relation to soybeans, South American soybean acreage seems to have...
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.