There was much for the markets to deal with today. It was the last day of September and the last day of the quarter; the drama over the Supreme Court nomination continues to play out in Washington; and there is still uncertainty over any possible shift to E15 from E10 that would increase ethanol consumption and production. Lastly, the markets were awaiting this morning’s USDA Annual Small Grains Summary and Quarterly Stocks Report. The markets were looking for a slightly bullish 1 September soybean stocks number and a bearish U.S. wheat production number. Wheat was lower overnight with corn steady and soybeans slightly firmer. That’s how we traded until the report was released at noon (EDT). The USDA numbers were bearish corn a...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
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.