Soybeans in Paraguay Suffering from Dry Weather Paraguay is the third-largest soybean producing nation in South America. It produced about 8.85 MMT of soybeans in 2019, down from a high of 10.333 MMT in 2017. USDA currently is forecasting production in 2020 at 10.2 MMT. However, because of hot, dry weather it appears production will be well below the USDA forecast. Apparently, it is so dry in northern Paraguay that soybeans that have emerged are dying out and dying. In some cases, farmers have had to replant once, and in some case twice, and are still seeing newly emerged soybeans die from a lack of moisture. Forecasts call for no significant rainfall in the near future. For that reason, analysts are already reducing their estimates for t...
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.