There were no trades on the Argentine soybean market last week, but offers remained around 40sX for September FOB and traded just today at +44sX FOB. Local prices moved in accordance with two factors, and exports are showing better margins thus far than domestic crushing. Soybeans Brazil The past weeks’ rally continued in the spot positions, moving all the basis upward in Brazil and, consequently, in U.S. Gulf. The drop of CBOT due to rains in the U.S. also drove basis up, but this was helped as well by the lack of offers from Brazilian farmers. The real remains very strong (3.12), making prices unattractive to them. On the other hand, Chinese demand still needs to buy large quantities of September soybeans and is becoming nervous with t...
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.