World Perspectives
soy-oilseeds

WASDE Soybeans

USDA reduced their estimate for U.S. soybean ending stocks to 245 million bushels, down 55 million from last month.  The first survey-based soybean yield forecast of 50.9 bushels per acre is reduced 1.1 bushels from last month. The U.S. season-average soybean price for 2023/24 is forecast at $12.70 per bushel, up $0.30 from last month. The soybean meal price is forecast at $380 per short ton, up 5 dollars. The soybean oil price forecast is 62 cents per pound, up 2 cents. Global soybean exports are reduced 0.5 million tons to 168.8 million on lower U.S. exports, but the 2023/24 foreign oilseed supply estimate is for higher ending stocks: Foreign oilseed production is nearly unchanged at 539.7 million tons as higher sunflower and peanut...

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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.

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