Commentary Speculative selling of corn contracts has recently been emboldened by a composite of analysts and commentators repetitively noting that USDA is likely to report a record corn crop for the United States in the November WASDE report to be released Friday, 8 November. For one reason or another, there seems to be some forgetfulness that record corn crops were produced one third of the time during the prior decade; a decade that includes two drought years. Memory may also be selective to the fact that the average stock-to-use ratio of the record years (2009/10, 2007/08, 2004/05) was 15.2 percent, which is actually a little larger than various commodity analysts are expecting for this Friday's WASDE.An ending stock-to-use ratio of...
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.