There was generally low volume in grains today as traders await USDA’s important reports on Friday. There is no reason to spend more money on fees or commissions after spending several days aligning with the perceived outcomes. At the same time, market noise does not completely stop and there is inevitably a little bit of second guessing. But the trading that does occur has narrowed in range. Barring any significant development, this will be the result of edginess until noon EST on Friday. There is plenty of volatility in outside markets, but things are mostly in a holding pattern for ags.Part of the position squaring this week ahead of Friday’s USDA January WASDE report is the trade’s assumptions about the final production numbers for the...
What You Need to Know Today: Chinese officials indicated that China and the U.S. have agreed to cut 10 percent tariffs on imports. Chinese officials confirmed that a “guiding target” has been set for purchases of U.S. agricultural goods, but fell short of confirming that the U.S. r...
Key Takeaways: Soyoil futures have been trading at the highest levels since 2022. Higher crude oil prices have allowed biofuels to be more cost-competitive with fossil fuels. Recent U.S. biofuel policy, including 45Z, has been favorable toward soyoil as a feedstock. California will be limiting...
Free Trade to State Direction Conceptually, American farmers are huge winners under a free trade policy promising fair and equitable terms. As critics of President Trump’s trade wars will be quick to point out, “U.S. farmers have been some of the biggest beneficiaries of U.S...
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.