The CBOT saw muted and mostly lower trade to open the week of the U.S. Thanksgiving holiday. The day’s trade was predominantly weaker as technical factors and a lack of news immediately relevant to the grain markets prompted fund selling. Monday’s news did include USDA confirmation of another large export sale of soybeans to China and USDA Secretary Brooke Rollins’ claim that the Trump administration will finalize a U.S. farmer aid deal and a Chinese soybean purchase agreement in the next few weeks. Those headlines, however, failed to trigger much enthusiasm for traders ahead of the holiday-shortened week. With markets closed for Thursday’s holiday and Friday’s post-holiday trade being a historically low-volume...
What You Need to Know Today: Market attention is shifting toward Tuesday’s USDA WASDE report, with analysts anticipating a modest reduction in U.S. corn production estimates and an increase in soybean production. The report could provide fresh direction for grain markets as traders reass...
Key Takeaways: WPI’s forecasts call for physical U.S. soybean crushing margins to weaken over the next four months and average $4.44/bushel by late February, while CBOT futures margins should rise modestly to about $2.40/bushel. A key catalyst for this is the expectation that U.S...
Regional News Black Sea trade dynamics remain central to European wheat and corn pricing, with the reported 26 percent increase in Ukraine’s October grain shipments adding pressure to markets. Concurrently, markets are waiting for the scheduled trilateral peace talks between the 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.