Despite assurances from Treasury Secretary Scott Bessent and the announcement this morning of nearly a half million tons of new soybean sales to China, the trade just doesn’t see the plausibility of a full 12 MMT of beans being bought near-term by Beijing. Particularly not when commitments nearing the end of the year are less than a quarter of that amount. Higher volume sent soybeans trading lower today, and they took most of the rest of the complex along with it. The exception being livestock, which had been driven lower despite no change in the fundamentals. Attention now turns to USDA’s December WASDE report set for release this coming Tuesday. Some have bullish hopes of increased export numbers for corn and wheat...
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.