General Comments Markets started the evening session firm but what little strength there was gradually eroded to small losses and little action throughout the night. Corn and wheat lost more ground after the opening at 8:30 and selling accelerated after 9:30 in corn. It was Friday after a couple of huge trading days and there was a good round of profit-taking in corn and wheat. Soybeans resisted the urge to break and traded both sides for much of the session. USDA announced another 284,000 MT of soybean sales to China plus 126,000 MT to unknown.Weather will be hot and dry across the western and northern Corn Belt with little rain in sight over the next six-10 days. This will definitely add to crop stress across western Iowa, Minnesota...
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.