We cannot call the November WASDE a major surprise because the direction of most major changes was well anticipated, if not their scope; today’s futures market seems to have echoed that.The grain trade sensed that the November WASDE would increase corn and soybean production, decrease use at least slightly and increase ending U.S. supplies of wheat, corn and soybeans for the 2015/16 crop year. The trade was right on direction, but too conservative on degree. Without exception USDA’s November estimates of yields, production and ending stocks for the fall harvested crops – corn, soybeans and grain sorghum – exceeded the trade’s consensus expectations. And following that trend, ending 2015/16 U.S. wheat stocks also topped the average pre-repor...
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.