Soybeans Soybean basis levels continued to drop, and there seems to be no end in sight. After trading mid-June at +30 SN for July shipment, basis collapsed in less than three weeks. Argentine/Uruguayan cargo is now offered at -15 SN, but there is no demand.Argentine farmers did not sell their beans when there was demand, and now they are struggling to find buyers. In fact, the program is so slow that several trading houses are cutting the exportable surplus to 5.5-7 MMT, well below the 9 MMT originally estimated several months ago. Production has been relatively unchanged since then and, if anything, has risen a little to 49-49.7 MMT. Farmers are confident that demand will appear for their beans, either from crushing plants or Chinese bu...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.