The CBOT saw significant selling pressure and long liquidation after “constructive peace talks” developed between Russia and Ukraine early on Tuesday. News reports indicate the two sides are far from reaching an actual cease fire or peace agreement, but the day’s headlines were positive for Ukrainian production and export potential. Consequently, the CBOT swiftly sold-off on the idea that the world will be somewhat less dependent on U.S. and South American corn/soybean supplies this year. For the day, funds were net sellers of 12,000 contracts of Chicago wheat and 30,000 contracts of corn! Funds also sold some 24,000 contracts of soybeans while liquidating some of their soyoil and soymeal longs as well. Outsi...
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.