General Comments After corn and soy futures prices jumped so sharply yesterday in the haste to price in the risks of the late season drought and this week's mini-heat wave, it was expected that some profit taking and consolidation would dominate today's market. This did happen more or less, but a high degree of price volatility and heavy trading volume remained. Corn prices traded both sides in a 20 cent trading range before closing down mainly 14-16 cents. Soybean prices roamed in a trading range of more than 40 cents before the November contract closed down 19 cents and near session lows. It was also up 20 cents at one point, challenging resistance at the old contract high that was set 11 months ago.A few days of heat will persist in...
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.