THE OPEN Nov beans: 5 3/4 lower Dec meal: 1.40 lower Dec soyoil: 15 lower Dec corn: 1/2 lower Dec wheat: 1 higher The markets opened as expected but the soy complex found new selling after the open which drove beans lower and grains off the new highs traded. Stories include ongoing concerns over China's energy crunch and what they are going to do about Evergrande. Goldman's higher projections for energy prices found crude in the green, as is the US dollar, early in the session. Macro markets turn at midday, with crude oil seeing a round of profit-taking resulting in a sell-off back towards $74.39/barrel. Concerns about a gov. shut-down finds the Dow sharply lower at midday, down o...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
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.