General Comments Grain and soy futures markets generally tapered down today to end a choppy up-and-down week with spurts of heavy trading volume interspersed with periods when volume levels were quite low. Our impression is that it was another wild week. However, looking back at this week's actual price action, this week does not particularly stand out. For example, soybean futures traded in a range of about 65 cents this week, which is only a couple of cents more than last week's range. Corn futures traded in roughly a 35-cent range this week, which is actually well below their 42- to 44-cent range last week. Likewise, wheat prices worked in about a 35-cent range this week compared with about a 30-cent range last week. Viewed this way,...
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.