Old crop corn continues to be traded in the Argentine market. At the FOB market, exporters are still offering their purchases from the FAS (before the elimination of the licenses) at attractive premiums. As a result, demand is active from Asia and also North Africa. Soybeans January started with strong activity from China. Crushers purchased several spot cargoes for January and February shipment, but nothing was traded for deferred positions. Basis rose gradually during the first weeks of 2016 in response to the strong Chinese demand. The inverse in the market pushed trades trying to arrive in China as early as possible. There were vessel delays in the U.S. Gulf (USG) because of the flooding Mississippi River at the end of 2015, and FOB l...
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.