It’s tariff day! President Trump followed through on his plan to impose tariffs on various imported products across the economy. At 12:01 a.m. EST today, 25 percent tariffs on Canadian and Mexican goods and an additional 10 percent tariff on Canadian energy products went into effect. President Trump also amended an Executive Order to raise the existing tariff on Chinese goods to 20 percent from 10 percent, citing China’s failure to take adequate measures to reduce the flow of synthetic opioids into the U.S. China: The tariff increase drew a response from China. The Council announced new 15 percent duties on U.S. chicken, wheat, corn, and cotton, set to begin Monday. Sorghum, soybeans, pork, beef, aquatic products, fr...
What You Need to Know Today: Corn broke sharply lower after overnight headlines that U.S., Ukrainian, and Russian officials would meet for peace talks on 10 and 11 November. Mexico made its second large purchase of U.S. corn in as many days, bringing total purchases this week to just over 2 MM...
Key Takeaways: The EU's new deforestation regulations, taking effect 30 December 2026, could alter global soymeal trade through stricter traceability requirements and higher compliance costs. Brazil's complex supply chains are likely to complicate compliance with the new regulations, potential...
Beef packer margins improved to $89/head last week, up $53 from the prior week as declining fed cattle prices more than offset weaker beef cutout values. Fed cattle prices fell $3.35/cwt to $224/cwt while the Choice cutout declined $2.49/cwt to $366/cwt, improving packer profits. Despite the re...
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.