General Comments It was actually a more active market through the first half of the trading session than expected, considering we were waiting for the USDA quarterly stocks report and the possible U.S. government shutdown at midnight tonight. Corn and wheat were very firm until 45 minutes before the 11 AM (CDT) report when prices faded. Soybean futures were weak overnight and ahead of this morning's report. The USDA quarterly stocks report was bearish for corn and soybeans and positive for wheat.U.S. financial markets were soft because of the political stalemate over the budget and healthcare. EU markets were soft because of another round of concern about Italy's economy and latest political turmoil. Crude oil was down nearly $1.00 and...
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.