General Comments On a day in which fresh news or market inputs were very limited to nonexistent, traders were forced to turn to South American weather forecasts for inspiration. The U.S. GFS model projects a return to normal rainfall over southern Brazil and Argentina in the seven- to 14-day time frame. However, the EU model shows a continuation of mainly dry conditions into the first week of February. Overnight the market chose to run with the GFS projection, which brought on more liquidation selling in the complex and across the board. Although a few scattered light rain showers are showing up today, they are not enough to represent a changing weather pattern. Of greater significance are the additional heavy rains forecast for northern...
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.