World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

After testing bottoms earlier this week, the commodity market (like equities) reversed on short covering and moved higher. Fund buying was active, and the spread trade was pushed by major funds rolling their positions this week. The weather forecast suggests the possibility of some rain this weekend but not nearly enough for a hot and dry eastern part of the U.S. Midwest. Thus, the semblance of a weather premium is being put in place ahead of Monday’s release of USDA’s August WASDE. The report itself gives impetus for coverage. Most expect it to reduce the estimates for corn and soybean production as well as for corn and wheat stocks. The soybean carryover will be more plentiful due to China’s purchase embargo. On the pr...

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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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