Last week’s WASDE set the tone for the market with a nearly 10 percent cut in U.S. soybean carryover in 2022/23, a deeper cut than expected. Then Malaysia and Indonesia countered that narrative with the former increasing its estimate of palm oil supply, and the latter increasing its palm oil export volume to 2.25 MMT. High soybean prices are stifling demand in China. The latest auction of government stocks sold 18 percent of offerings, an increase for this spring, but still below last year’s weekly uptake. Meanwhile, high diesel prices are boosting prospects for biodiesel. Argentina is increasing its blend requirement and Brazil is contemplating increasing its blend from 10 percent to 15 percent. This dynamic shoul...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.