Follow-through from Tuesday’s rally sent grain and soybean prices higher overnight in moderate volume. Word late Tuesday that U.S. Treasury Secretary Mnuchin, possibly accompanied by U.S. Trade Representative Lighthizer, would go to Beijing to discuss economic and trade issues was taken as a sign that the U.S. and China were willing to step back from the budding tariff war. High-level discussions suggest that at the very least, the imposition of the next round of U.S. tariffs and China’s response, including a 25 percent tariff on U.S. soybeans, might be delayed. This optimism about the trade dispute sent soybeans to double-digit gains during the day session. Soymeal futures were up as much as $8.00. Both beans and meal were sup...
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.