Markets were quiet much of the Thursday night session, but they gained a little steam early this morning and closed higher. USDA's announcement of a sale to Spain then perked up the soybean market today, while corn received some negative news. General Comments Markets were quiet much of the Thursday night session, but they gained a little steam early this morning and closed higher. The weekly export sales report, delayed one day because of the Memorial Day holiday, showed strong wheat and soybean sales. In addition, USDA announced the sale of 200,000 MT of soybeans to Spain. That perked up the soybean market enough to finish 6.5-9 cents higher, while wheat and corn struggled to hold smaller gains.Weather is starting to become an issue acr...
What You Need to Know Today: The U.S. conducted “self-defense strikes” in Iran and said the two sides are “close” to negotiating a ceasefire. “Close” is a relative term, however, and even if 95 percent of the terms are agreed to, the remaining 5 percent is l...
As we reported on 19 May, China has also committed to the resumption of U.S. poultry imports from states without confirmed HPAI detections. USDA’s Animal and Plant Health Inspection Service (APHIS) has updated its China export restrictions webpage to reflect that China has lifted HPAI-rel...
Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...
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.