Market chatter has been somewhat obsessed since last winter with the potential El Nino/La Nina shift and the potential ramifications this might have for crop production.USDA’s 10 June reports were bullish soybeans, neutral to slightly friendly to corn and bearish on wheat. World and U.S. soybean ending supplies will be far smaller than predicted just three-four months ago. Demand has also been stronger than expected. It seems everyone continues to underestimate China’s appetite for soybeans. Repeated talk of economic slowdowns, poor Purchasing Manager’ Indexes (PMIs), auctioning of reserve corn and soybean supplies, rumors of sales cancellations, etc. have simply been wrong for years, not just in 2016.U.S. 2016/17 soybean ending supplies ar...
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.