GOOD MORNING, Prices continue their sideways trading range as we get closer to the end of the month and the Sep 30 stocks report along with the October WASDE. Funds remain short across the board. Volumes are low as new inputs are scarce. Feature of the day yesterday was that of higher wheat as several tenders took place, though the US was not the most competitive in terms of price. Egypt purchased 3 cargoes of Russian wheat in their tender, with prices very competitive. WEATHER Current weather for the short term is still bearish with above normal temperatures and above normal rainfall. Some below-average temperatures were noted, however, in the extended forecasts for the PNW region. T...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.