GOOD MORNING, Report day! At 11:00 central time traders will see how the new carry-out levels and SA production estimates impact prices. Funds seemed to be onto something yesterday, with corn prices accelerating from the start of the day. As mentioned before, fund buying would probably not be countered with much selling, as farmers are now busy planting. Dec corn is making new contract highs this morning, as May trades back to the level attained on March 31 towards $5.85. Beans continue to waffle on either side of even, caught between lower soyoil today vs. firmer meal trade. Wheat and corn rallied on rumors that China is around the market for both. China could be looking to buy US wheat, as they...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
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.