General Comments Soybeans led markets higher overnight and then exploded higher after 9:30 this morning. It has been an interesting week in the soy complex with big gains Monday, Wednesday and Friday and big losses on Tuesday and Wednesday. It was a very expensive week if you were caught backwards in these daily price swings. Corn and wheat tried to follow soybeans but with very limited success.It is, of course, all about weather and it is going to be very hot and mostly very dry for the next 6-10 days and maybe beyond that. At least one private weather forecaster is saying the Labor Day holiday weekend (next weekend) could be the hottest on record.There were no export sales announcements today.Outside markets were relatively quiet. Th...
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.