It was a rather strange day for grain and soy markets, which saw prices swinging in wide trading ranges. General Comments It was a rather strange day for grain and soy markets, which saw prices swinging in wide trading ranges. The Globex overnight session watched the soy complex continue Monday's strength, while the grains traded both sides before sliding lower. Volume was moderate. The day session opened with a similar pattern of soybeans moving higher with the grains not very successfully trying to follow. July soybeans bumped up against resistance at $15.00, and November soybeans found resistance at an old trend line near $12.57.Had prices been able to hold or even exceed these price levels, it would have been a key technical victory...
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.