Sugar took a big crash a year ago with the market price falling below loan forfeiture levels, but prices this year have tightened up and are potentially getting stronger.Sugar took a big crash a year ago with the market price falling below loan forfeiture levels and sending USDA scrambling for ways to deplete the stocks it was accumulating through forfeitures. At this time last year, USDA had been buying back re-export licenses from cane refiners as well as preparing for the first round of sugar sales under the Feedstock Flexibility Program, which diverts excess sugar into ethanol.Prices this year have tightened up and are potentially getting stronger. While there was a buzz around March about reinstituting the sugar-to-ethanol program this...
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.