It is worth taking a fresh look at the fundamental U.S. supply/demand outlook for 2016/17 since what happens throughout the balance of this year will have considerable impact on the 2017/18 corn year and, of course, corn prices.The sixth month of the U.S. corn crop year begins 1 February. With USDA’s final 2016/17 production estimate of 15.148 billion bushels contained in the January WASDE, the supply side of the fundamental U.S. corn balance for the year is pretty well set. The demand side is still in flux with some questions remaining about feed use, exports and the amount used for ethanol production. February is also close enough to the new crop corn planting season that its prospects begin to affect the corn market’s price reactions for...
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.