The CBOT seemed to start looking ahead to Friday’s December WASDE from the USDA at mid-week, which created a temporary, at least, pause in the selling spree. After a near-constant selloff over the past three weeks, wheat futures bounced unconvincingly higher on short-covering and profit taking. WPI does not expect this rally to last or alter the current trending downward outlook and we view today’s move higher as another “dead cat bounce”. Corn futures posted a similar day on the charts with short covering leading to a higher close for the day. Corn rallied from fresh lows earlier in the day, which made Wednesday’s trade slightly more convincing as a signal for a market turnaround. Soymeal futures screamed high...
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.