General Comments Markets were mixed overnight in relatively light volume. Trading volume in the last hour today was pathetically small. Yesterday's late reversal in price direction did bring a few buyers back to the market last night. Soybeans are in the preliminary stages of a possible weather market. It has been a long warm and dry period in Argentina and southern Brazil, and the various weather models are in disagreement over the longer-term outlook. Today's USDA Export Sales report numbers show smaller-than-expected old crop soybean sales of 383,000 MT but good new crop sales at 595,000 MT. Wheat export sales were good at 572,000 MT, while corn still struggles at just 138,000 MT.There was little other news today. Financial markets we...
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.