World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Mostly Higher on Weather

After days of flat to faltering closes, corn and soybeans have now rebounded the past two days, and today wheat joined the rally. In two days, July corn has gained 13 cents and July soybeans are up 36 cents. 

USDA’s Export Sales report showed old crop washouts and lower actual exports. Old crop wheat export sales are trending down as buyers switch to 2024/25 supplies. New soybean commitments were up, but exports at 269,100 MT were at a marketing year low. Old crop soymeal sales were down, but new crop sales were up. Soyoil purchases and exports were both lower. 

Weather whipsaws the market as rains are either too much, too little, or in the U.S. just about right. On the bearish side is a trough in the middle of the...

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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.

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