The CBOT opened on a defensive note Tuesday with generally favorable/steady crop conditions ratings for key corn/soy producing states reducing the need for a weather premium. Corn and soybeans walked back to test key support points, which is often typical after a sharp rally. The wheat market posted small gains as both SRW and HRW try to stabilize near recent lows. Funds were net sellers in soybeans while remaining neutral corn/wheat for the day. Fundamental news remains light and USDA did not report any new daily export sales. France’s Ag Ministry cut the country’s wheat production forecast to 31.3 MMT, which would be a decade low. The U.N. projected 2020 global per-capita meat consumption will fall 3 percent due to the...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.