Relatively Few Significant Changes for Soy in USDA WASDE Report Some expected the June monthly WASDE update released today to make substantial changes to the supply and demand data for soybeans and soy products. However, the report instead made relatively few significant changes to the soy data and the ones that were made were largely expected. USDA made two changes in the report for the soy sector in the U.S. First, it reduced its forecast for the U.S. soybean crush volume in 2020/21 by 15 million bushels from 2.19 billion bushels to 2.175 billion bushels. That resulted in it raising its forecast for U.S. soybean ending stocks in 2020/21 by 15 million bushels to 135 million bushels. That helps to better cushion the soybean market from in...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.