The overnight session saw volume fade and prices wobble before finishing near Monday’s closes, but more of a price pattern developed during the day session. Some of this was due to unwinding of long soybeans/short corn and/or wheat spreads. General Comments The overnight session saw volume fade and prices wobble before finishing near Monday’s closes. USDA’s weekly crop summary did not give markets anything on which to trade. Corn maturity is still behind average, especially across northern areas. Thankfully, though, there is still no sign of a freeze through the first week of October. Soybean maturity was close to average. Corn harvest was not quite as advanced as expected, off by 2-3 percent, but soybean harvest met expectations. As usua...
What You Need to Know Today: The U.S. conducted “self-defense strikes” in Iran and said the two sides are “close” to negotiating a ceasefire. “Close” is a relative term, however, and even if 95 percent of the terms are agreed to, the remaining 5 percent is l...
As we reported on 19 May, China has also committed to the resumption of U.S. poultry imports from states without confirmed HPAI detections. USDA’s Animal and Plant Health Inspection Service (APHIS) has updated its China export restrictions webpage to reflect that China has lifted HPAI-rel...
Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...
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.