General Comments Grains and the soy complex opened mixed in overnight trading, but the complex soon came under pressure from slumping soymeal prices on China's Dalian Exchange. Soymeal has been a hot commodity in Dalian trade, and it was due or overdue for a profit-taking break, which apparently is what occurred since both Dalian soybeans and soyoil prices were higher. Nevertheless, CME soybeans on Globex chose to follow Dalian soybeans overnight.The soy complex had something else to chew on when USDA announced that 300,000 MT of soybeans destined for China had been cancelled along with a cancellation of 120,000 MT of soybeans sold to unknown destinations. At the same time, USDA announced a sale of 110,000 MT of soybeans to unknown. It 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.