China to Build a Unified Reserve Grain Trading System China plans to build a unified reserve grain trading center under supervision from the China National Grain and Oil Information Center (CNGOIC). Currently, there are two major trading centers that arrange auctions of reserve grains and oil: the National Grain Trade Center of Hefei in Anhui province (eastern China) and the Zhengzhou Grain Wholesale Market in Henan province (central China). The National Grain Trade Center is the larger grain trade center, and the main varieties of grain are traded from 25 provinces and cities nationwide. Once the unified reserve grain trading center is built, reserve grain auctions at the aforementioned two centers will be suspended.China's central and...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.