Overnight trade saw prices ease lower, led by soybeans. With no changes in the U.S. wheat supply/demand, wheat futures prices looked to the other markets for guidance, General Comments Grain and soy complex futures prices tumbled lower again today in the wake of Monday’s estimates from USDA that had the U.S. soybean crop larger than expected and the decline of estimated corn production smaller than expected. The September WASDE gave reason for non-commercial soybean longs to exit their positions or at least cut them back, and that is what happened today. On the other hand, non-commercials short corn and wheat futures found no reason to cover those positions in the WASDE.Overnight trade saw prices ease lower, led by soybeans. They continue...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.