While the Argentine government has not released any additional wheat export licenses, it did make an announcement in this election year regarding farmers and the export tax. Soybean Harvest Approximately 50 percent of the Argentine soybean crop is expected to be harvested by 23 April. Although the harvest is progressing, only about three-four vessels have been loaded with new crop from Argentina and Uruguay. However, that may eventually change as protein levels are favorable with Uruguayan soybeans reportedly at around 34.5 percent. Even at Necochea, a typical low protein port, the levels are good and moisture content is approximately 11 percent, well below the contractual maximum of 13.5 percent.The volume of soybeans out of Brazil...
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.