The U.S. government shut down avocado imports from Mexico’s Michoacán state after a federal inspector received presumably a threatening phone message. Rather than accept the plausibility of wrongdoing in one of the most corrupt, drug cartel running parts of his country, Michoacán Mexican President Andrés Manuel López Obrador dismissed the concern, arguing that there are probably political and economic reasons for the U.S. suspension. This is similar thinking to Russian President Vladimir Putin insisting that imported U.S. chicken legs come from separate and inferior plants than the ones delivering chicken breasts to Americans, as if using two separate plants to break the same $2 bird makes economic sense...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.