THE OPEN Nov beans: 7 1/4 lower Dec meal: 2.60 lower Dec soyoil: 13 lower Dec corn: 6 lower Dec wheat: 4 1/2 lower The markets opened as called with light profit-taking on both sides, which featured a bit of selling in corn and buying in beans. Bean charts opened close to trading range highs while Dec corn traveled to the middle of recent ranges. Good rains pressured the markets as the crops need rainfall due to the later planting season and recent dryness for the month of August. Prices congested into the 11:00 hour of trade. Market certainties centered more around demand, where traders saw the lack of a trade deal and world competition as feeding i...
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: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.