THE OPEN November beans: 4 3/4 higher December meal: .10 higher December soyoil: 68 higher December corn: 2 1/4 higher December wheat: 10 higher The market opened as expected but profit-taking in grains sent futures into two-sided trade, while oilshare saw profit-taking as well. Weaker macro markets weighed on soyoil as worries over the economy continue. SOY The soy complex feature of the day was that of profit-taking in oilshare, with beans and meal supported. Oilshare gets hit as energies are in decline over worries about demand given the new cases of the Delta variant moving through, and possible new lockdowns. Sep crush trades to 1.26c/bu while oilshare trades to 46.94%. &nbs...
What You Need to Know Today: American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energy will be a key topic. Another round is scheduled for 20 July. Ag groups are urging President Trump to renew USMCA for another 16 years, but...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...
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.