GOOD MORNING, Prices are mixed with rains in the eastern Corn Belt weighing on prices, and lower crude oil creating a buy meal/sell soyoil trade. Soyoil trades sharply lower on weaker palm and crude which impacts beans. Corn spreads are weaker while nearby bean spreads reach new highs. The Goldman roll continues to today for September contracts. The August 12 WASDE will be released at 11:00 central time. Look for more position - evening into that event. Advertised guesses for corn production is 15.0 bln bu, vs. 15.165 bln bu mo ago, and a yield at 177.6 bpa vs. 179.5 bpa. Advertised guesses for beans on Thursday are at 4.375 blnbu vs. 4.405 bln bu mo ago, and a yield of 50.4 bpa vs. 50.8 bpa...
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.