World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Pre-Holiday Run-up Continued

This trading week marked a series of reversals, and the latest trend continued for the most part today. It was generally pre-holiday lower volume for corn, wheat, and lean hogs but there was outsized volume trading in soybeans.  Some notable stats from today and the trading week include:

Today’s closes above the 20-day moving average included: corn, soybeans, soymeal, soyoil, SRW, HRW, HRS, cattle and hogs. It was the first close above the 20 MA for corn in five weeks.

The October lean hog contract was the biggest market gainer last week, and while wheat took over the top spot this week, hogs have been on a steady rise since 8 August.

In terms of the number of trading sessions in a row with higher closes, the ho...

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Summary of Futures

May 26 Corn closed at $4.6025/bushel, up $0.08 from yesterday's close.  May 26 Wheat closed at $5.9475/bushel, up $0.0375 from yesterday's close.  May 26 Soybeans closed at $12.14/bushel, up $0.1225 from yesterday's close.  May 26 Soymeal closed at $315.4/short ton, up $0.9 from...

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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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