World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Overnight trade volume was limited as the market awaited release of USDA’s October WASDE. Corn and wheat were a penny or so lower with soybeans down 4-5 cents, which all tracked with expectations of a bearish report. When the report came out at noon (EDT) today, the immediate conclusion was that USDA’s fresh estimates were bullish or, more accurately, not nearly as bearish as feared. Futures prices quickly moved into a relief rally that at its peak had corn trading up 10 cents and soybeans up 12 cents with both Chicago and KC wheat 10.5 cents higher. Some of this was due to noncommercial short covering, which was triggered by the report’s lack of bearishness. However, the post-report euphoria did not last long. The market...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.7575/bushel, down $0.06 from yesterday's close.  Jul 25 Wheat closed at $5.5025/bushel, down $0.02 from yesterday's close.  May 25 Soybeans closed at $10.35/bushel, up $0.055 from yesterday's close.  Jul 25 Soymeal closed at $299.5/short ton, down $0.8 fr...

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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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