General Comments Prior to today's October crop estimates and the WASDE, money managers who were actively paring down their long futures positions in the soy complex and grains seemed to be saying that they would rather have to replace their pre-report selling after a bullish report than be caught holding huge long positions by a bearish report. Although they may have been concerned when they saw the first flash showing a big jump in the soybean yield and production, it turns out that they need not have worried about a bearish report today.Actually, some might dispute the bullishness of the report. Certainly, the jump in the soybean yield and U.S. soybean production exceeded general expectations, although some analysts were looking for a...
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.