China Sells More Reserve Soybeans The Chinese government today sold an additional 400,001 MT of soybeans from its reserve stocks. The soybeans were sold to crushers in the northeastern part of the country at an average price of 4,298 yuan/MT (about $680/MT). That was lower than the 4,552 yuan/MT crushers paid for the soybeans auctioned on 13 September.Since 28 June a total of 2,960,322 MT of reserve soybean stocks have been sold by the government. It is not known how many soybeans the government will sell from its reserve, but analysts expect the total quantity to reach 4 MMT at least. It is also unclear how many soybeans China has in its reserve, as it historically has considered that data a state secret. Large Export Sales of Soymeal...
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.