General Comments Grain and soy futures prices were generally lower overnight, although trade was erratic as weather forecasts for the dry areas of South America and the U.S. Plains seemed to vacillate between either more or less rain. Brazil's Conab released its February crop forecasts putting soybean production at 83.4 MMT, up from 82.7 MMT in January and USDA's last estimate of 82.5 MMT. Brazilian corn production was surprisingly high at 76.0 MMT, 5 MMT more than USDA predicted in January. The increases in both soybean and corn production estimates were due to increased planted area. USDA's Brazilian estimates in tomorrow's WASDE will be influenced by the Conab numbers, but we should note that Conab collected its data nearly a month ag...
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.