Regardless of what has caused or created this recent market rally, it has brought an enormous Christmas present to farmers and agricultural bankers in the form of much higher prices than expected just 30-40 days ago ahead of planting.It has been a phenomenal two months in the soy complex. November soybean futures have rallied more than $1.50/bushel ($55/MT) since 1 March. This has occurred in the face of U.S. ending supplies doubling, forecasts of record crops in Brazil and Argentina, record-large world soybean supplies, etc. It has been a rally that left fundamental analysts stunned and searching for reasons to explain to their clientele how this can happen. At the same time, the market has set open interest and volume records. It is even...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.