This morning USDA announced a sale of 2.603 MMT of soybeans to China for 2018/19, part of the second tranche of 5 MMT that Chinese Vice-Premier Liu promised would be purchased as a negotiating “reward” when he and his group met with President Trump at the White House on 31 January. This is in addition to the 612,000 MT sale to China announced yesterday. USDA also announced a sale of 274,000 MT to unknown destinations for 2018/19, which could be related to China as well. Trade sources believe that almost the entire 5 MMT promised last Thursday have now been covered as of yesterday with perhaps a remaining tag end booked this morning. Another Chinese sales announcement is expected Wednesday morning. The Chinese government-owned b...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.