USDA issued its major S&D crop forecast for the upcoming crop season at its annual Outlook Conference. Although generally bullish for corn and bearish for soybeans, with a modest shift in plantings from beans to corn, the report had minimal market impact except perhaps in long-dated new crop positions for corn. Buying from China has come to a halt due to the Lunar New Year celebration, and South America celebrates Carnival with crop updates paused. There was a new contract high in soyoil on biofuel prospects, but otherwise it was a stable, steady trading session. Reports Crop Production: USDA’s crop forecast for MY 2026/27 is bullish for corn and bearish for soybeans. Corn production and carryout will decline, wh...
What You Need to Know Today: Non-farm payrolls rose by 172,000 jobs in May, above economist expectations of 80,000 jobs. With the job market strong, the Fed may consider raising interest rates to tame inflation. The strong jobs report was a catalyst for lower risk appetite across financial and...
Newworld screwworm Update The detection of New World screwworm (NWS) in Texas on Wednesday has been volatile for the cattle markets. The confirmation came on Wednesday evening, and the futures market opened sharply lower on Thursday. Market participants cited unknowns about cattle supplies and...
With considerable fanfare—and few specifics—USDA last week announced its Great American Cotton Plan for 2026-2031. Secretary Brooke Rollins and industry leaders described the initiative as a comprehensive strategy to address the persistent challenges facing U.S. cotton production, d...
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.