Soy-Related Changes in USDA WASDE Report USDA somewhat surprised market analysts today by reducing the forecast for U.S. soybean production in 2019 by more than most expected to 3.845 billion bushels (104.64 MMT) from its June forecast of 4.15 billion bushels (112.95 MMT). This followed the decrease in the harvested area to 79.3 million acres from the previous estimate of 83.8 million acres based on the June crop plantings report. There could be another adjustment next month as a result of an ongoing survey of planted area in key soybean-producing states that had delayed planting because of wet weather. The average soybean yield forecast was also lowered by 1 bushel/acre to 48.5 bushels/acre (3.26 MT/hectare). The other significant change...
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...
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WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.