General Comments Grain and soy futures prices were mixed to mostly firmer overnight with corn the leader, supported by ongoing concerns about supplies accentuated by historically high cash basis values. Soybean prices wavered but were supported by reports that soybean buyers were still trying to switch themselves away from the lengthy loading delays. The day session saw corn, wheat and soybeans trading erratically higher in volume that was moderate at best. This lasted until late in the session when profit-taking pushed prices lower into the close. Part of the profit-taking involved unwinding bull spreads because of perceptions of waning demand and a slight pick-up in farmer selling. The July/November inverse closed at about $1.57, its n...
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.