After nearly two-and-a-half years of trade negotiations over sugar, last month the U.S. commerce secretary put a hard deadline on the talks. A deal now appears within reach to be signed tomorrow.Today was the deadline for the U.S. and Mexico to reach a deal on sweetener trade, and a pact was reportedly finalized, although final consultations with the industry have yet to be completed. As a result, the deadline has been extended for 24 hours. According to a statement this afternoon from U.S. Commerce Secretary Wilbur Ross: The two sides have come together in quite meaningful ways, but there remain a few technical details to work out. We are quite optimistic that our two nations are on the precipice of an agreement we can all support, and so...
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.