Wheat Soil moisture is becoming a problem for Argentina’s wheat crop. Crop conditions keep falling due to drought across the wheat-growing region and frosts in southern Buenos Aires province. Each week seems to bring with it fresh declines in the crop and soil moisture conditions ratings. This week, the crop declined again with the good/excellent rating at 32 percent, down 5 percent from last week and down 14 percent from two weeks ago. The soil moisture conditions rated as poor/dry increased from 43 percent last week to 52 percent. August rains were well below average but precipitation forecasts for the first half of September suggest good rain for the core agricultural region plus Buenos Aires province. Northern parts of Arg...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.