Today’s post-holiday market was not the frenzied affair that sometimes follows the 4th of July. There was no overnight session (due to the holiday), and trading seemed relatively subdued when it began this morning. It remained quiet even though wheat and soybeans closed with notable price changes that were much higher for the former and lower for the latter. The markets are waiting for tomorrow and the expected tariffs to be imposed by the U.S. followed by China. The Chinese tariff targets include soybeans and pork among other ag commodities. Today’s prominent price action took place in the wheat market where traders have finally started to pay more attention to reports of production losses or threatened losses in the Black Sea...
Key Takeaways: The U.S. herd is stabilizing, but growth remains modest. Total goat inventory rose 1 percent in 2026, while meat-goat numbers increased 2 percent, which is not enough to materially reduce import dependence. Domestic slaughter is rising from a low base. Commercial slaughter incre...
What You Need to Know: U.S. fertilizer production is highly concentrated, but concentration alone does not establish that producers are operating as a cartel. Imports introduce competition unevenly: they supply nearly all U.S. potash consumption but play much smaller roles in domestic ammonia...
Given yesterday’s headlines, today’s market action may not be what many expected. The dollar is little changed, crude oil is pulling back and stocks are trading higher. Crude may be the biggest piece of today’s reversal. Saudi Arabia is offering additional crude to Asian buyer...
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.