The feature of the day session was the sharp drop of soyoil prices, largely the result of fund selling. Corn closed a couple of cents higher, helped by some bargain hunters following last Thursday’s beat down. General Comments Overnight trading was quiet with volume in decline. Soybean and corn prices tried to work higher without much success, while wheat prices turned a few cents lower. Trading did not generate much more enthusiasm during the day session either. The feature of the day session was the sharp drop of soyoil prices, largely the result of fund selling. Having built a record-large long position in soyoil futures, which we estimate reached about 105,000 contacts, fund managers must have eyed the first day for May delivery inte...
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.