The CBOT found a bit of strength following a generally bearish August WASDE with soybeans playing the role of upside leader on a newly hot, dry two-week Midwest forecast. Moreover, the WASDE pointed to tight U.S. soybean ending stocks for 2023/24 and traders seemed to focus a bit more on that today. Wheat futures were sharply lower amid heavy fund selling, thought technical and commercial buying picked up on breaks to major support levels. Corn was caught in the middle but found its way to slight gains on spillover buying from soybeans as well as the U.S. weather forecast. With the WADSE behind and largely assuring of adequate U.S. corn and soybean yields, the market’s attention is now turning to the U.S. weather as crops “finis...
After spending much of the year searching for a reason to stay, the bulls suddenly have several. Grain markets have strengthened, wheat is leading the charge, outside markets are becoming more supportive, and geopolitical and weather risks are once again demanding attention. Does that mean the...
Key Takeaways: Cover crops are gaining adoption as farmers seek to improve soil health, reduce erosion, and build more resilient cropping systems. While cover crops do not provide immediate revenue, their long-term benefits include improved nutrient retention, water management, and soil produc...
The latest EIA data showed some interesting anomalies in the ethanol industry, changes that will have a material impact on the industry’s profits and corn consumption for 2025/26 and early 2026/27. The EIA reported that ethanol production fell 4.8 percent for the week ending 10 July...
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.