General Comments USDA's Acreage report was considered bearish, but the quarterly Grain Stocks report was considered bullish for corn and soybeans. The result was a single-day 39.5-cent increase in the July/December corn spread to $1.6825/bushel, and a 39.25-cent increase in the July/November soybean spread to $3.1250/bushel. Bullish traders who are holding positions in the July corn and soybean contracts may assume that they are in the catbird seat, but the July contract for each commodity is the only one rallying (only the July meal contract really seemed to trade with firm resolve).The larger-than-expected corn acreage in USDA's Acreage report was a surprise. Corn acreage was reported as 97.38 million acres, which was not only larger t...
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.