Dec 22 Corn closed at $6.6325/bushel, up $0.065 from yesterday's close. Mar 23 Wheat closed at $8.135/bushel, up $0.03 from yesterday's close. Jan 23 Soybeans closed at $14.36/bushel, up $0.0625 from yesterday's close. Dec 22 Soymeal closed at $409.7/short ton, up $1.1 from yesterday's close. Jan 23 Soyoil closed at 72.2 cents/lb up 0.76 cents from yesterday's close. Feb 23 Live Cattle closed at $155.425/cwt down $1 from yesterday's close. Jan 23 Feeder Cattle closed at $179.25/cwt down $2.425 from yesterday's close. Feb 23 Lean Hogs closed at $88.8/cwt down $1.275 from yesterday's close. Jan 23 WTI Crude Oil closed at $77.43/barrel down $3.52 from yesterday's close. ...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.