General Comments It was a particularly vicious day across the agricultural markets today. Everything was weak most of the night, and that weakness turned into a full blown sell-off after the open outcry session started trading. That sell-off took soybeans down 30 cents, with wheat down as much as 14-15 cents and corn down 11-12 cents. Fear of the USDA reports must have pushed a lot of money off the table before they were even released. It has been a while since the market saw a bullish USDA report, and the big money was betting on another bearish series of numbers this morning. Things changed dramatically as USDA's numbers started to hit the market. The corn quarterly stocks number and the winter wheat acreage number were both bullish. T...
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.