USDA WASDE Report Substantially Loosens Soy Supply/Demand Situation Only a few days after USDA raised its estimate for U.S. soybean ending stocks in 2020/21, it again raised its estimates for stocks in 2021/22 with its 12 October WASDE crop production report. By increasing its forecast for the U.S. soybean crop in 2021 from 50.6 bushels/acre to 51.5 bushels/acre, it added 74 million bushels to the forecasted supply to 4.719 billion bushels (128.44 (MMT). That resulted in raising its forecast for U.S. soybean ending stocks on 31 August 2022, to 320 million bushels (8.71 MMT, up from the September forecast of only 185 million bushels (5.04 MMT). As might be expected, the higher soybean production forecast caused a 2.4 percent decline...
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.