Summer weather and yield potential will be next on the market’s agenda, and there has been much hype about the shift in weather patterns from El Nino to La Nina and how that might impact production.The U.S. planting season has been moving along at a very rapid pace. The table below shows the current rate of completion as of 16 May compared with the five-year average:Two states, Ohio and Indiana, are lagging behind the normal planting progress for corn and soybeans because it has been cool and wet there. However, those states should have gained some ground this past week. Crops across the northern Plains, which has had a dry spring season, are essentially planted. One private weather report earlier this week cited the need for drying weather...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.