The Market It was quite a week for soymeal. The December contract rose an impressive 8.69 percent to 423.90/ST, pulling soybeans along with it. November soybeans gained 1.71 percent and are priced at 1302.25/bushel. Soybeans hit a four-week high at 1318.5 before easing back in Friday’s trade. Meanwhile, soyoil remains burdened by softer global vegetable prices and the December contract ended the week at 53.39/pound, down 1.82 percent. Soybeans have likely hit their low for the new marketing year and meal is headed towards its high. It is a near-term phenomenon in that the March contract lost $3.20 today and is priced at a 5 percent discount to December. Crush margins remain attractive, there is growing export demand, and...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.