The CBOT was mixed Wednesday after oilseed markets traded higher overnight but ran into strong selling pressure during the day session. Wheat posted yet another day of losses and settled below technical support again, while corn and soybeans fared slightly better and marked small gains for the day. Technically, both corn and soybeans posted minor reversal signals on their charts, but signs of a major rally are lacking. Funds were still net sellers for the day but started to buy back some of their short positions in soybeans, soyoil, and corn towards the day’s end. Still, the CBOT looks to remain on the defensive heading into the July WASDE next week. As noted yesterday, the rising U.S. dollar is starting to significantly impact...
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.