USDA did not raise the corn or soybean yields in the July WASDE, and most analysts believe that will occur in August. Increased yields, of course, will mean another rise in the ending supply estimates.The July USDA WASDE numbers released this morning were very close to what the market was looking for in corn and soybeans, but larger than expected for wheat. Markets reacted with sharp losses anyway because USDA did not raise the corn or soybean yields, and most analysts believe that will occur in August. Increased yields, of course, will mean another rise in the ending supply estimates. The tables below show today's report numbers:CornUSDA reduced the corn feed consumption 50 million bushels today. It left the 2014/15 ethanol and export esti...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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.