CBOT grains and oilseeds seem to be playing “follow the leader” and have recently switched roles. Previously, soybeans were rallying and pulling grain futures grudgingly higher, but that has completely flipped following Monday’s Grain Stocks report. Now, corn and wheat are rising and finding bullish short covering and some fresh long buying, while soybeans struggle to follow. Of particular note for wheat is that the current rally is seeing support from rising Russian FOB offers – not just short covering – which helps paint a more bullish long-term outlook for the market. Funds were net buyers in the grains and soymeal for the day but were largely flat soybeans and were net sellers in soyoil. The long-feared Lo...
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.