GOOD MORNING, Prices trade to new contract highs across the board once again, (except for meal), as Brazil remains dry, weather in the US remains problematic, and technicals remain bullish. Same story, different day, as commodity prices continue to soar. Concerns remain that 2021 bean and corn acres may not be enough to satisfy demand. World supplies are tight and demand good. Domestic crush margins are getting more positive and ethanol margins are continuing to improve. Therefore, we need to see big Brazilian and US crops, but Brazilian corn production looks problematic with chatter that the crop is heading lower. China continues to be around the corn and bean market. The Nov bean/De...
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.