World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments This was not a pretty day in the agricultural commodity markets. Corn, wheat and soybean prices were slightly lower overnight, but those losses quickly accelerated this morning when fund selling took over the soymeal and soybean futures, eventually spilling over into corn and wheat. There were several reasons talked about for the sell-off, including: Increased farmer selling over the weekend A better (wetter) forecast for Argentina Talk that China was going to auction some soybean reserves at below-market prices We suspect the real reason for the selling was primarily technical in nature. November soybeans dropped to within 7-8 cents of recent lows, and December corn fell to new contract lows. That prompted mo...

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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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