South American Soy Crop Forecasts Reduced Further The drought in South America continues to take its toll, according to crop analysts. Yesterday the Brazilian firm Celeres reduced its forecast for the Brazilian crop from 69.83 MMT to 67.97 MMT. It blamed very poor yields in southern Brazil for the cut in its forecast.Today the Rosario Grain Exchange reduced its forecast for the Argentine soybean crop from 44.5 MMT to 43.1 MMT. That is getting close to the estimate made by a private forecaster who last week predicted the Argentine crop would not be more than 42.5 MMT.Oil World did not change its forecasts for Argentine and Brazilian soybean production in its latest weekly newsletter. However, it indicated that conditions have worsened in...
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.