Price action in overnight trading of CME grain and soy contracts was mixed with minor changes. USDA’s weekly export sales report was the main fundamentally-related factor for grain and soy markets to ponder today, led by strong corn sales. General Comments USDA’s weekly export sales report was the main fundamentally-related factor for grain and soy markets to ponder today, led by strong corn sales. Last week’s export corn sales for 2015/16 reached a crop year high of 2.1606 MMT along with 2016/17 sales of 440,000 MT. The latter added about 20 percent to the previous total of new crop corn sales. Soybean sales were modest at 226,000 MT for 2015/16 but more impressive at 720,400 MT for 2016/17. Old crop soymeal sales of 209,600 MT were good...
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: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
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.