General Comments Short covering, fund buying and old crop/new crop spread action were the dominant features of grain and soy markets today. Overnight trading saw a continuation of Monday's strong performance and this carried through into the day session as well. According to the CFTC's last Commitment of Traders report, the aggregated fund position had edged to the short side of corn and barely for the first time in almost three years. And funds have been short wheat since forever. This probably explains why today's fund buying seemed to focus on corn and wheat although they were active buyers of the complex as well. Overall, there seemed to be a feeling that last week's selloff was overdone.The old crop/new crop soybean, soybean meal an...
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.