One of the main reasons the ruling power in Venezuela is likely to lose this Sunday's election is the nation’s acute lack of foreign exchange to purchase imports as a result of the sharp drop in petroleum prices. Argentine Government to Make Equal Reduction in Soy Product Export Taxes Alberto Rodriquez, president of Argentina’s oilseed processor and grain export association (CIARA-CEC), indicates the new government will make the same 5 percent cut in the export taxes for soymeal and soyoil as it plans for soybeans. If this is correct, the rates for soyoil and soymeal will be lowered from 32 percent to 27 percent and that for soybeans from 35 percent to 32 percent. No one close to President-elect Macri has confirmed these reductions.By mak...
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.