Soybean futures put in a new high overnight, and that strength followed through today. Funds are also long soybean and soymeal futures, and this chart pattern is encouraging more buying. General Comments This week started with the same general theme that has occurred for a long time now. The soy complex began the week firm with corn and wheat futures under pressure. Too much rain is stalling the soybean harvest in Argentina, and the dry U.S. southern Plains could receive some very good rainfall this coming weekend if current forecasts hold. Alternatively, it could be as simple as the fact that funds are still holding huge short positions in corn and wheat and are long soybean and soyoil futures.USDA will release its monthly WASDE revision...
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.