General Comments It was a quiet session overnight with soybeans firmer and corn and wheat slightly weaker. That was the pattern throughout much of the day, except soybeans traded much stronger and wheat and corn much weaker than during the night. USDA announced more soybean sales to China this morning, which wasn't supposed to happen with China on holiday this week. Informa release its updated corn and soybean production estimate mid-morning and they were, as expected, bearish. We know there is a wide range of pre-report expectations ahead of next week's WASDE.The U.S. unemployment rate actually dropped below 8 percent despite a poor jobs report. That prompted a lot of discussion about whether or not the Obama Administration was fudging...
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.