Corn and wheat futures traded slightly lower last night, and that same pattern held true throughout today. Meanwhile, there were several reasons cited for the strength across the soy complex during both sessions. General Comments The soy complex opened very firm in the Sunday evening session. That firmness continued to build throughout the night on very strong volume as nearly 40,000 contracts of March soybean futures as well as a large amount of corn were traded. However, corn and wheat futures traded slightly lower. That same pattern held true throughout today’s session. Soybeans were up as much as 15-16 cents at one point this morning while wheat and corn were 4-6 cents and 1-2 cents lower, respectively. Wet weather in northern Brazil...
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.