It was Turnaround Tuesday with a vengeance. Prices were mostly lower but also largely lacking buyers or sellers in slow overnight trade. Corn posted an almost embarrassing 1 cent trading range. However, that changed in a big way as the day session began. General Comments It was Turnaround Tuesday with a vengeance. Prices were mostly lower but also largely lacking buyers or sellers in slow overnight trade. Corn posted an almost embarrassing 1 cent trading range. However, that changed in a big way as the day session began. Sellers began to show up in volumes that quickly absorbed sparse buying interest. The initial selling pressure seemed to come from commercial hedging that was triggered by a notable increase in farmer selling in both Nort...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.