General Comments Grain and soy futures were generally weaker in overnight trading. When March soybeans could not hold above their four-week high, technical selling ensued, and in the absence of fresh news or inputs, it dragged down everything else, too. The day session looked at a good export sales report from last week, including the highest weekly soybean sales volume so far this crop year, but it failed to excite traders, who more or less decided to ignore it. Instead, they preferred to cash in short-term profits from the recent rally, and this type of selling took everything lower across the board except for soyoil.Almost a week has gone by since the USDA reports. That is a long time on the market's clock, and those reports have beco...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.