Corn steadily lost ground today on fund selling and some expectations that farmers will have to sell some bushels as the corn harvest starts to gain some momentum. Unlike the soybean harvest reports, corn yields are generally being reported as not as good as expected. General Comments Markets started mixed last night with soybeans firm while corn and wheat were slightly easier. Pre-opening calls were lower based on improved weather forecasts that looked drier across the Corn Belt. That would of course allow quicker harvest progress. The markets weakened further overnight and traded lower all day today with corn, soybeans and wheat all finishing with moderate losses. Funds were sellers of everything.U.S. equity markets were also weak the e...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.