General CommentsThe corn and soy markets continued to sink into a bath of red ink, with enough of it splattering out on wheat to pull those markets down as well. The soy complex led the way with August soymeal locking the limit down for the second day in a row and September soymeal also dropping the $20 limit today. August soymeal longs who may have wanted out have been trapped. With September soymeal also closing the maximum allowed down, the daily limit should be expanded tomorrow giving the longs a chance to escape -- poorer but maybe wiser. Soybean futures prices also tumbled today, although August soybeans did not come close to the daily limit. What was different today was that more deferred months were almost as weak. August soybean...
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.