World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments It was the wheat market's day. Wheat futures were up as much as 17-18 cents at their highs, in a move that began during the overnight session and continued today. The CME December wheat close of $6.705, up 12.25 cents, is its highest since the beginning of August. The December contracts for both KC and MGE wheat closed up over 13 cents. The traditional premium for MGE spring wheat futures over KC hard red winter wheat (HRW) futures has all but disappeared, and the 2 December contracts are close to even money. Strong export demand and a very firm HRW cash market has supported KC while better hard red spring (HRS) yields and a likely increase in estimated production has pressured MGE.The triggers for today's strong 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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