The government of Brazil today proposed raising the agriculture sector budget by 20 percent. Considering that it is cutting expenditures elsewhere, this was somewhat of a surprise and may not be as large an increase as it may appear. India Reduces Forecast for Monsoon Rainfall India's government today reduced its forecast for rainfall during the upcoming monsoon season from 93 percent of normal to 88 percent. The decrease was based in part on the late arrival of the monsoon and the emergence of an El Nino weather pattern. If the forecast is accurate, the country could suffer its first drought since 2009.About half of India's farmland depends totally on rainfall for crop moisture. As an example, almost all of the country's soybeans are non...
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.