The CBOT was mostly higher for the day with corn and wheat finding small gains on light buying interest while soybeans jumped higher on export demand and a rally in soyoil. Soyoil futures were nearly 3 percent higher for the day with noted bull spreading in a likely sign of commercial demand. Fresh fundamental news was light for the day beyond the Export Inspections and Crop Progress data, and traders continue to position for Wednesday’s WASDE report. USDA is expected to leave its U.S. corn supply and demand estimates mostly unchanged from October while analysts are more concerned about possible yield, production, and ending stocks cuts for soybeans. A smaller soybean crop is all the more significant with weather challenges persisting...
What You Need to Know Today: CBOT markets pared Monday’s sharp losses as traders booked short profits and adjusted positions ahead of the Grain Stocks report that USDA will release Wednesday afternoon. The 7-day QPF forecast from NOAA now shows heavy rain across the central and western C...
There was encouraging news over the weekend: the White House may reject the misguided idea on Capitol Hill to ban U.S. diesel exports. What WPI has noted previously was perhaps best put by a Department of Energy report of 2022, under the Biden administration: Petroleum liquids markets are globa...
Key Takeaways: Comparative advantage encourages countries to specialize in goods they can produce at a lower opportunity cost and rely on trade for others. Differences in climate, land, infrastructure, and technology help determine where agricultural commodities can be produced most efficientl...
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.