Long’s rush to the exit in CBOT futures continued Friday with the USDA’s Ag Outlook Forum (AOF) balance sheet projections weighing heavily on markets. March corn futures posted a new contract low in the first five minutes of the overnight trade on Friday and continued to post new lows throughout the day. Wheat followed suite and scored new contract lows with weakness growing in the Paris and three American futures markets. Soybeans managed to climb higher for the day, though the gains were a reaction to oversold conditions and will likely amount to no more than a dead cat bounce. Bearish outlooks and continued weakness were the themes for this week’s trade and the commodity market music doesn’t appear ready to change...
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.