General Comments The Pro Farmer tour's corn and soybean production estimates were below the USDA August WASDE estimates and that, coupled with the extended streak of very hot and very dry weather, brought heavy fund and speculative buying back to the soy complex. All markets opened stronger than expected Sunday and soybeans were trading 50+ cents higher by the time the sun rose. Volume was huge in the overnight session and total volume today in corn and soybeans was enormous. Volume in the November soybean contract was above 200,000 contracts. Volume in December corn was over 277,000 contracts. That is three times what has been a normal daily volume.Outside markets were mostly non-events today. Crude oil was marginally lower and the do...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.