General Comments There is not a lot to say about the markets during the last full trading day before the key USDA reports. Traders were working on positioning themselves as they want to be placed going into the reports. The result was a day session with fair volume. Wheat and soybean futures traded both sides before settling with small losses. Corn stayed in the green zone all session, closing with modest gains supported by fund buying and end-users extending their coverage. The corn market again shows the nervousness of traders ahead of the reports. There is good reason to be nervous about the possibility of a bullish report amid a market that has gradually fallen over $1.00 per bushel since early last September.The nervousness is compo...
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.