The U.S. soybean outlook has turned from bearish to bullish over the past 30 days because soybean yields across the western Corn Belt have been reduced by hot and dry weather. Cool weather in June and July might also have trimmed yield potential due to poor pod count. The corn outlook has also changed, but the results are not nearly as dramatic as the soybean outlook. WPI's corn outlook in the table below shows smaller planted acres and a slight reduction in yield from the August USDA WASDE. We have left demand forecasts unchanged:There is still nothing bullish about the U.S. corn outlook. It is simply less bearish than a month ago and significantly less so than last spring. That is when the general talk was that U.S. corn ending supplies...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.