General Comments Overnight trade was mixed with corn retaining some of yesterday's strength while soybeans and wheat bounced around on both sides of unchanged. It was not until open outcry trading opened that soybeans and wheat returned to green numbers, joining corn. Ultimately, led by corn, the grains retained their gains at the close of the day session. Soybeans struggled as prices bounced around in a 20-cent trading range. They closed down a few cents at just about the mid-point of the trading range. The complex was unable to overcome the considerable weakness of soyoil, which closed down more than 100 points (1 cent/pound).Markets had little by way of fresh news on which to trade. Yesterday's rumor that China would offer 1 MMT of it...
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.