Corn fell to a new contract low amid fund selling and bear corn/wheat spreading. The soy complex managed to find modest support with higher closes in soybeans and meal, while soyoil gave back some of yesterday’s gains. Wheat futures were buoyed by a lower dollar that may further enhance U.S. export competitiveness, along with a technical bounce that triggered buy-stops. President Trump announced this morning that his administration would submit an updated biofuels policy in the next two weeks. The rumored policy still has no details (making it sound suspiciously like The West Wing’s "Secret Plan to Fight Inflation”) but one can likely safely assume it will be favorable for agricultural interests. 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.