After some overnight weakness, prices at all three wheat futures markets rallied to post double-digit gains. The apparent worsening situation in Ukraine and the ongoing drought, which seems certain to pare HRW production, supported the rally. General Comments Today's corn and soybean reversed a few cents from their recent respective price directions with soybeans gaining mostly around 4 cents and corn falling around 2 cents. However, wheat prices took off to finish up 12-15 cents. All three markets traded on both sides of yesterday's closes before finding their way to today's closing levels. We are inclined to say that corn and soybean futures had very little to trade on, and their modest price changes show this.On the other hand, the whe...
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.