The CBOT was mostly higher at midweek with grains – particularly wheat – leading the rally. Market chatter suggests China has returned to the U.S. to book SRW wheat, though we cannot find confirmation of such trades yet. Even so, the words “China buying” will create a rally in any market, which is exactly what happened in wheat. The CBOT market turned 14 cents higher and pulled the KC and MGEX futures into the green as well. Corn futures saw some spillover buying from the wheat rally, along with continued short covering and bottom picking trade. Soymeal also turned higher on concerns for Argentina’s weather, but weakness in soyoil pulled the soybean market lower. The day’s trade saw funds continue to cove...
Key Market Insights July is here, and the grain markets already feel like they are shifting gears. With the June USDA reports now behind us, inflation is back in the conversation, and traders are once again turning their attention to three familiar summer drivers: demand, money flow, and weathe...
Key Takeaways: Poultry is the fastest-growing major animal protein, supported by lower production costs, affordability, and broad consumer appeal. Broilers are the most feed-efficient major livestock species, giving chicken a lasting cost advantage over beef and pork. Short production cycles a...
What You Need To Know Today: Ethanol margins continue to run well above year-ago and normal seasonal values, but have slipped in recent weeks on weaker DDGS and ethanol pricing. WPI’s models project a steady decrease in returns to ethanol production following the end of the summer...
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.