The soybean futures market seems to ignore the seemingly inevitable, bearish shift in soybean supply/demand fundamentals in 2014/15. It is almost as though it is stuck in a bullish rut out of habit.The U.S. soybean supply/demand prospects for the remainder of 2013/14, which ends 31 August, and the new crop 2014/15 that follows offer such an extreme contrast that it is hard to believe that they are so closely connected in time. We offer up the following snapshot of the soybean supply/demand outlook for each year to make that point:For its latest 2013/14 U.S. soybean balance, USDA famously bumped up estimated imports to a record 90 million bushels to cover most of the increases for the crush and exports, then lowered estimated ending stocks t...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.