China Purchases U.S. Soybeans China has followed through on its commitment to President Trump with a purchase of U.S. soybeans. Yesterday USDA announced that private exporters reported selling 1.13 MMT to that country. USDA then today announced that another 300,000 MT were sold to Chinese buyers. All sales are for shipment in MY 2018/19 with most of the soybeans apparently set to be loaded in the Pacific Northwest (PNW). Trade sources indicate these sales have been to state-owned grain companies Sinograin and COFCO for delivery in the first quarter of 2019. The soybeans will most likely be entered into China’s state reserves, and the importers will either not be charged the retaliatory tariff or be reimbursed for the payments. It is...
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.