The pervasive feeling is that the sum of tomorrow's USDA reports will be bearish with increased corn and soybean production as well as big quarterly corn stocks. General Comments Today was the last full trading session before the keenly anticipated series of reports that USDA will release at noon EST tomorrow (Friday), and it was a fairly active session at that. The pervasive feeling is that the sum of the reports will be bearish with increased corn and soybean production as well as big quarterly corn stocks that will indicate not only the big crop but also lower-than-expected feed use. The new supply and demands are expected to show ending 2013/14 corn stocks near 2 billion bushels. Ending wheat stocks will be low, and ending soybean sto...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.