The CBOT was mostly lower on Thursday as the impacts of Russia’s return to the Ukraine export corridor agreement and the sharp rally in the U.S. dollar worked against futures. Corn and wheat continued their selloffs and retreated to values near where they ended last week, while soybeans seemed to abandon this week’s gains as China moved to institute new COVID-19 lockdowns. Funds were net sellers for the day and the Export Sales report failed to offer any meaningful change in the recent export trends. The U.S. Export Sales report was consistent with the trends of the past several weeks: bearish corn, natural wheat, and bullish soybeans. Soybeans – despite the threat of Brazil’s large 2022/23 crop – remain...
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.