It has taken a few days, but the effect of Tuesday’s USDA reports, which were seen as surprisingly bullish, seems to have largely worn off. Meanwhile, USDA/FAS’s weekly export sales report for the week ending 7 January was a bit better with corn and soybean sales topping expectations. General Comments Uncertainty breeds volatility, and volatility has dominated world financial markets so far in 2016. U.S. equity markets are doing their share in this regard. Yesterday the Dow posted its biggest loss since last September, plunging 364 points. Today it turned upward to post a gain of 227 points, its biggest one-day gain so far this year. The U.S. Dollar Index fell below 99.00 yesterday, but it came back to close above that today. Brent crude...
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.