USDA Makes Questionable Cut in Forecasted U.S. Soybean Yield Yesterday's USDA crop production report surprised a lot of analysts by making a substantial cut in the forecasted average yield for the U.S. soybean crop this year. USDA/NASS reduced its forecast for the average yield by 4.3 percent to 42.6 bushels/acre (2.87 MT/hectare) from 44.5 bushels/acre (2.99 MT/hectare). It also reduced its estimate of U.S. soybean plantings by 500,000 acres to 77.2 million acres based on a re-survey of farmers in July. The result is that USDA is now forecasting the 2013 U.S. soybean production at 3,255,444,000 bushels (88.61 MMT) or 165 million bushels (4.49 MMT) less than its July forecast.64 percent of the soybeans in the states surveyed were rated...
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.