General Comments Looking at the unbroken array of green numbered closes on our screen, one might think that something was going on. Unusually, every contract of wheat, corn, soybeans and soy products on our screen posted a higher close today. Wheat continues its leadership role with CME December closing up for the eighth time out of the last nine trading days. KC December made it nine out of nine. However, this impressive wheat rally appeared to be getting a little tired today. After making new highs for the move, both CME and KC wheat fell back to close near the day's low. KC's premium over CME narrowed a couple of cents, and the KC December/March inverse also narrowed slightly. The wheat market RSI, which has been chronically near ov...
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.