Markets were lower again in the Sunday night session as well as throughout today. Corn and soybeans were still suffering a hangover from the Pro Farmer tour’s big estimates. Funds remain long Chicago wheat futures and have gotten crushed, and they continued to exit long positions today. USDA also announced the soybean, wheat and corn payments that are part of the aid package for farmers affected by the price damage caused by the China trade problem. They matched the levels rumored last week of $1.65/bushel for soybeans, $0.14/bushel for wheat and just $0.01/bushel for corn. It will cost more than a penny a bushel to issue the corn checks. These payments are on 50 percent of a farmer’s 2018 production, and a second payment may b...
What You Need to Know Today: President Trump suspended the planned attacks on Iran and announced that the pieces for a framework for peace were in place in a weekend social media post. Iran, however, later said no efforts were underway to conduct negotiations with the U.S., though Oman indicat...
Key Takeaways: E15 expansion would support corn and ethanol demand by increasing domestic biofuel consumption and reducing reliance on petroleum-based fuels. Year-round E15 has gained bipartisan momentum, but the policy remains in legislative limbo as lawmakers continue to negotiate provisions...
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.