Soybeans closed higher again for the 13th time during February with the May contract hitting another high. Only corn remained locked in its usual narrow trading range. General Comments The oat market situation that we discussed briefly in yesterday's Market Commentary was a lead story in today's Wall Street Journal. Among other things, the WSJ described Canadian farmers' frustration at being unable to move their big 2013 oat harvest to take advantage of the red hot prices for cash oats being paid by U.S. users. The cause of this problem is the lack of transportation. The CME March oat contract traded as high as $5.155 today, a new record, before closing up 3.75 cents from yesterday at $5.0675. March oats are at a 51-cent premium to March...
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.