World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Trading during the overnight session was quiet with moderate volume ahead of this morning’s WASDE with its projections for 2018/19. Prices were generally firmer with soybeans up 4-5 cents while corn and wheat futures posted smaller gains. During the day session, the market did very little ahead of the report. Following its release at noon (EDT), soybean futures prices quickly jumped 12-15 cents higher as traders and, we assume, computers were impressed by the 20 million bushel cut in estimated U.S. old crop soybean stocks and projected 2018/19 ending soybean stocks of only 415 million bushels. The latter were over 100 million bushels below where many in the trade thought that number would be.  Trade analysts were thinking in ter...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.  Mar 26 Soybeans closed at $11.3725/bushel, up $0.1325 from yesterday's close.  Mar 26 Soymeal closed at $307.9/short ton, up $4.9 fr...

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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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