Normally, the March WASDE competes for being the least exciting issue of the year. With the South American harvest already underway, it is positioned between the more-or-less settled old crop supply/demand outlook and the still-to-be-determined new crop outlook. Northern Hemisphere winter wheat is usually just emerging from dormancy, and its production potential is still very much an unanswered question. And in early March, the same can be said for farmers’ planting intentions for spring-seeded crops. We expect this report, which will be released tomorrow (8 March), will also follow the trend of unexciting March WASDEs. There should be only minor changes in South American corn and soy production estimates as well as in U.S. and world...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.