Reports out of China indicate some firms there have recently defaulted on palm oil purchases due to banks discontinuing loans. The one most notably impacted by the tightened credit apparently was Shandong Changhua Food Group, China's fifth-largest palm oil importer. China Sells 30 Percent of Soybeans Offered at Auction China's Sinograins was able to sell 30.44 percent of the 345,984 MT of reserve stock soybeans offered in its weekly auction on Tuesday. The 105,282 MT sold at an average price of 4,126 yuan/MT ($672/MT or $18.29/bushel), 24 yuan/MT ($3.91/MT) higher than the previous week when only 24.14 percent of the offering was purchased. Almost all of the soybeans sold from the reserve stocks will be used to produce soy foods. Tighten...
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.