No Big Surprises for Soy in WASDE Report Today's USDA world supply and demand estimates report contained no big surprises for soybeans and soybean products. If there was a surprise, it was that USDA reduced its forecasts for South American soybean production to levels close to what the trade was estimating. USDA reduced its forecast for the Argentine crop from 46.5 MMT to 45 MMT. It cut its forecast for the Brazilian crop to 66.0 MMT from its March forecast of 69.5 MMT. The forecast for Paraguay's 2012 soybean crop was reduced from 5 MMT to 4.2 MMT. Global soybean production was reduced to 240.15 MMT from the March estimate of 245.065 MMT.USDA raised its forecast for U.S. soybean exports and crush by 15 million bushels each to 1.29 billi...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.