The Market Nearing two and a half months of selling by speculators, this week marked fresh lows in the soybean sector. Net shorts are approaching the record volume they hit in April 2019. There were new contract lows in all soybean positions and new contract lows for March soymeal and soyoil. Good weather in South America and prices out of Brazil so low that the U.S. may be buying their soybeans despite an overhang of domestic supplies. The U.S. subsidy for biodiesel is distortive as it incentivizes domestic crush at the expense of soybean exports. For the week, March soybeans settled at 1143.75/bushel for a 2.4 percent decline. March soymeal lost 4.3 percent, ending at 330.6/ST. And March soyoil is valued at 44.56, a 2.2 percent loss.&nbs...
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.