Corn futures started to falter when Canada's government made comments about forcing its railroads to move more grain and oilseeds. That helped push the oats market down the 20-cent limit and that seemed to drag corn lower as well. General Comments Corn and wheat markets exploded higher in the middle of the night, apparently on news that Russia plans to conduct air defense drills near the border with Ukraine. That pushed May corn above $5.00 and wheat futures 15-20 higher. The soy complex was also very strong, led again by old crop soybean futures. Trading volume today was very big in all three markets (wheat, corn and soybeans).Corn futures started to falter when Canada's government made comments about forcing its railroads to move more g...
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.