The next few weeks will likely be marked with Brazilian corn buyers turning to Argentina for December and March shipments, and Argentine premiums will surely heat up. The remaining question is whether or not Brazil will be able to buy corn from the U.S. as there are two issues to resolve. Soybeans It was another quiet week for both new and old crop markets in Argentina with no cargoes traded. Only one seller is offering an old crop spot cargo at $135 over November futures FOB while demand is bidding $110. This FOB levels translates to a CNF to China price of $207 over November. This week October shipments from the U.S. Pacific Northwest (PNW) traded at $205 over November CNF, although only very isolated demand remains. Argentina has more...
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.