Dec 24 Corn closed at $4.0125/bushel, down $0.07 from yesterday's close. Dec 24 Wheat closed at $5.795/bushel, down $0.0575 from yesterday's close. Nov 24 Soybeans closed at $9.91/bushel, down $0.05 from yesterday's close. Dec 24 Soymeal closed at $311.8/short ton, down $3.5 from yesterday's close. Dec 24 Soyoil closed at 42.45 cents/lb up 0.55 cents from yesterday's close. Dec 24 Live Cattle closed at $186.525/cwt down $1.4 from yesterday's close. Nov 24 Feeder Cattle closed at $246.475/cwt down $3.1 from yesterday's close. Dec 24 Lean Hogs closed at $75.225/cwt down $0.575 from yesterday's close. Nov 24 WTI Crude Oil closed at $70.95/barrel down $2.88 from yesterday's close. &...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
Food Inflation The Open Markets Institute, which is notably funded by several “anonymous” donors and liberal foundations, obtained a guest editorial in the New York Times in which they blame agribusiness concentration for higher grocery prices. This is their schtick and it is politi...
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.