Markets had an interesting finish to a mostly bearish holiday-shortened trading week. Prices were steady to firm overnight and started today’s session with small gains. Those gains didn’t last long, and the result was significant price swings throughout the session. The U.S. trade delegation will be meeting in China this weekend. No one seems to have high hopes of significant progress there. The imposition of tariffs on steel and aluminum against Canada, Mexico and the EU were not a good sign for progress in the NAFTA talks. The trade talk that was so positive last week turned negative this week. The weekly Export Sales report was delayed until this morning because of Monday’s holiday. Note the 2018/19 wheat market...
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.