The strength of wheat and soybeans and fear that the Ukrainian situation is escalating probably kept the corn market from closing lower. General Comments Today's grain and soy markets had plenty to chew on with the National Oilseed Processors Association's (NOPA's) March crush of 153.8 million bushels (6-7 million more than expected), only 3 percent of the U.S. corn crop planted, HRW enduring freezing temperatures as far south as southwest Oklahoma and some level of armed hostilities between Ukrainian forces and rebels in eastern Ukraine. It was mostly bullish, at least for soybeans and wheat, and markets reacted accordingly in moderate volume. Soybeans and wheat futures closed sharply higher. Corn futures chopped about on both sides of y...
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.