It is amazing that in what many believed to be a very challenging crop year the U.S. national average soybean yield was a record high. USDA Reports Indicate Record U.S. Soy Yields, Higher Stocks, and Lower Prices Today’s USDA crop production report raised the estimate for the average U.S. soybean yield in 2015 by 1.1 bushels/acre to a record high of 48.3 bushels/acre (3.25 MT/hectare). While the market was largely expecting an increase it was not expecting such a large increase. Because of the yield increase USDA raised its forecast for the 2015 soybean crop to a record 3.981 billion bushels (108.36 MMT). USDA raised its forecast for ending soybean stocks from 425 million bushels (11.57 MMT) to 465 million bushels (12.66 MMT). It al...
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.