General Comments After digesting USDA's data for a night, there seemed to be a conclusion that yesterday's 40 cent run-up in November soybeans was a little too high and the 6 cent decline in December corn was not low enough, while the higher close in wheat was uncalled for and purely needs to be squashed. As a result, November soybeans closed down 14.5 cents to about $13.82 per bushel, December corn closed down 7.25 cents to $4.59 per bushel and the December wheat contracts, on each of the three exchanges, all closed down more than 9 cents. The interpretation of today's events is that next week's price activity will be critically important.The price action today did not damage the bullishness of the November soybean chart, but that cou...
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...
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.