GOOD MORNING, Prices were mixed overnight but gradually turned higher led by wheat, as traders seem more pre-occupied by what is going on in outside markets such as energies and stocks than Ags. Funds hold a slight short in wheat but could be switching to long into the report tomorrow. Look for further position - evening, as funds may book profits while end-users may seek coverage on market breaks. Beans and soyoil struggle at the start of the PM session, while grains remain in the green. Thursday is a huge day with Sep. Quarterly Stocks report, export sales, first notice day for Oct. futures, and end-of month/quarter. Can you say "V" for volatility? The demand front is quiet with rum...
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.