The CBOT traded to new highs overnight with funds remaining active buyers while Paris milling wheat futures hit a new all-time high for the spot contract of €297/MT. The day session, saw buying interest fade and prices work their way lower with wheat and corn posting bearish reversals for the day. WPI now looks for the CBOT to trade lower/sideways heading into the November USDA report. Fund managers are watching this week’s decline in ocean freight rates and wondering if end-user demand has peaked for the year. Freight rates are declining as demand falls and vessel availability increases (though container availability remains limited), which is a likely signal that the bull market is ending for now. Reportedly, declining C...
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.