It was Turnaround Tuesday for the corn and soy complex futures markets as prices rebounded from yesterday's sinking spell. The turnaround began during the overnight session and continued during the day session as well. However, we would not describe today's rebound as a vigorous one. General Comments May futures contracts expire Wednesday with little fanfare expected. At Monday's close, the remaining open interest were 379 contracts of CME wheat, 1,938 contracts of May corn, 596 contracts of May soybeans and 448 contracts of May soymeal.It was Turnaround Tuesday for the corn and soy complex futures markets as prices rebounded from yesterday's sinking spell. The turnaround began during the overnight session, and it continued during the day...
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.