World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

There were several reasons to be bearish today and not much countering the mood. USDA’s Outlook released this morning framed the year ahead as fundamentally stable and an improvement over 2019. It will be for wheat with prices forecast to increase 8 percent and soybeans with a 1 percent rise, but a large corn crop is predicted, and prices are expected to plunge 6 percent. Essentially, all of last year’s prevented planting acres will be back and the current soybean/corn ratio indicates there will be sizeable acres going to corn, and even more to soybeans.  Notably, farm debt and bankruptcies remain low and the January AgBarometer index showed farmer confidence the highest in six months. But probably not today as grains and...

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feed-grains soy-oilseeds wheat

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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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