General Comments Asia and Europe came back to work last night for the first time since USDA's reports were released last Friday. Markets opened very firm and then gradually rallied throughout the night. That buying continued with the open outcry session, and wheat, corn and soybeans traded with double-digit gains. USDA also announced another 120,000 MT of old crop soybean sales to China. Soybeans had rallied very late in the session last Friday to finish 4-5 cents lower. They were the leaders today. As expected, the markets were driven by old crop-new crop bull spreading.Trading volume today was the largest we've had in the past two months.There was no excitement in the other markets. Crude oil was steady until a late rally and gained...
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.