General Comments What would a market week be without a turnaround Tuesday, even if it falls on Wednesday due to the holiday on Monday? The fact that today it only involved the soy complex does not matter either, because it is the soy complex that commands the most attention and provides by far the most action (not measured by volume). Of course, it is also the source of the most volatility. In today's turnaround, soybean futures gave back yesterday's gains of 30 cents or so, plus a few pennies more. Similarly, December soymeal closed up about $15 yesterday and closed down about $16 today. Funds were prominent supporters of yesterday's rally in the complex and bought about 9,000 soybean contracts plus products. Fund managers must...
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.