World Perspectives

Farm Fuel Cost Outlook

Over the past four weeks diesel prices have started to rally moving toward harvest season. The question remains whether this is temporary or a longer-term trend. 

From a regional perspective, Midwest distillate inventories for the week of 14 July were the highest recorded for the region since February of 2022. Inventories in the Midwest usually build rapidly in the summer, although that didn’t occur in 2022. Last year, low inventories in the Midwest persisted through the first half of the summer and into the harvest season, when distillate stocks typically draw an average of about 8 million barrels out of inventory from September through November.   The 2023 spring maintenance slowdown was heavy in the Midwest drawi...

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Jul 26 Corn closed at $4.635/bushel, down $0.0025 from yesterday's close.  Jul 26 Wheat closed at $6.1675/bushel, down $0.035 from yesterday's close.  Jul 26 Soybeans closed at $11.785/bushel, up $0.0375 from yesterday's close.  Jul 26 Soymeal closed at $319.1/short ton, up $2.6...

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Kevin Warsh, formerly a member of the Federal Reserve Board, has been nominated by President Trump to be the Chairman of the Federal Reserve. Trump has long been critical of current Chair Jerome Powell, even opening a Department of Justice (DOJ) investigation into the handling of cost overruns...

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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.

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