World Perspectives
feed-grains soy-oilseeds wheat

Closing Bell Wrap-Up: Grains Implode

The grains complex collapsed today under slow exports, fund liquidation, and harvest pressure.  Corn, soybeans, and wheat futures were sharply lower and took out recent technical support points. Cattle futures were lower as well as bulls and bears switch dominance with each passing day. Hog futures were mixed with spread trade determining trade direction.  Export sales data were disappointing in this week’s report while actual shipments were above needed volumes for corn and soybeans. Consequently, the trade interpreted the data as neutral those two commodities. As per usual, the data was bearish wheat, with sales and shipments falling below their needed values. 

Wall Street is higher as of this writing with the D...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.  Mar 26 Soybeans closed at $11.3725/bushel, up $0.1325 from yesterday's close.  Mar 26 Soymeal closed at $307.9/short ton, up $4.9 fr...

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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.

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