Dec 24 Corn closed at $4.2725/bushel, down $0.02 from yesterday's close. Dec 24 Wheat closed at $5.4975/bushel, up $0.025 from yesterday's close. Jan 25 Soybeans closed at $9.985/bushel, down $0.1125 from yesterday's close. Dec 24 Soymeal closed at $288.6/short ton, down $1.7 from yesterday's close. Dec 24 Soyoil closed at 44.84 cents/lb down 0.68 cents from yesterday's close. Feb 25 Live Cattle closed at $188/cwt up $2.025 from yesterday's close. Jan 25 Feeder Cattle closed at $252/cwt up $2.5 from yesterday's close. Dec 24 Lean Hogs closed at $79.55/cwt down $0.475 from yesterday's close. Jan 25 WTI Crude Oil closed at $69.43/barrel up $0.26 from yesterday's close. ...
Markets are getting a quarter-end reality check as September comes to a close. Growth, inflation and interest rates remain central to the macro outlook, while tight diesel supplies keep pressure on the cost of moving goods. States are stepping in with relief, but policy changes alone cannot reb...
Key Takeaways: Russia recently said it would convert existing export terminals in the Baltic and Arctic Seas to handle grain as the Black and Azov Seas remain closed to maritime trade. Futures markets reacted negatively to this news, but does the conversion matter to short-term and long-...
Key Takeaways: 1 September corn stocks totaled 2.095 billion bushels, 171 million above expectations and 544 million above last year, providing additional cushion for the 2026/27 balance sheet and potentially adding near-term pressure to prices. June-August corn disappearance increased just 10...
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.