GOOD MORNING, The markets continue to put on good rallies. Features overnight include higher oilshare and soyoil strength, (on the back of strong palm prices), which helped beans to trade firm. There could be end-of-month short-covering in beans, as well as buying at perceived market lows into the Sep. Quarterly Stocks report which will be released at 11:00 central time. Corn tends to work higher seasonally at this time of the year. Wheat is higher due to rising global demand and active tenders for feed wheat. Algeria purchased close to 580 kmt of optional origin milling wheat in a tender yesterday. China will be on holiday next week, but rumors persist they have been shopping this week. As...
What You Need to Know Today: New World screwworm is back in the headlines after new cases were found in a hunter-harvested elk in Texas and a beef cow in New Mexico. The detection in wildlife could further complicate containment efforts, as implementing effective biosecurity measures is consid...
Cattle on Feed Expectations USDA’s monthly Cattle on Feed report that will show cattle inventory statistics as of 1 October will be released tomorrow, 23 October. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 100.3 percent of last year, which imp...
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
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.