The CME March oats closed at an historic high of $5.03 today as U.S. oat supplies are being squeezed. Some of the big cereal makers reportedly have inventory for only a couple of weeks. General Comments We cannot recall the last time that we led off our daily market commentaries with the subject of oats, if ever. However, oats deserve to lead things off today. CME March oats closed at an historic high of $5.03 today. We believe that is the first time in the long history of the oats futures contract that oat prices have hit or topped the $5.00 mark. Actually, that close was up the daily 20-cent limit. About 640 contracts traded, according the CME, presumably all at limit up. CME May oats closed at $4.6825, which was also up the daily price...
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.