World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments Markets were mixed overnight, but corn and soybeans turned decidedly bearish when they re-opened at 8:30 this morning. Evidently, the trade decided that weather heading into the weekend posed no threat to yields. There is no heat dome in the extended forecast model runs, but there is also little rain for the western half of the Corn Belt, especially the far western areas. The Global Forecast System (GFS) noon model did increase the potential for rain in this region from 19-21 July. Together with the time frame, that added to the selling pressure in corn and soybeans.USDA announced the sale of 960,000 MT of corn to China, which might be the biggest corn export sale in over a year. Today was the last trading day for the...

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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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