THE OPEN May beans: 8 higher May meal: 2.20 higher May soyoil: 25 lower May corn: 8 higher May wheat: 1 3/4 higher The markets opened as expected with more weakness in soyoil on profit-taking in oilshare, as the markets maintained their strength throughout the day for the most part. Stronger bean and meal price action supported the rest of the markets throughout the trading session. Reports of better hedge pressure were noted for new crop corn. At 10:00 export inspections are as follows: beans: 183,986 mt vs. 337,159 mt week ago wheat: 613,595 mt vs. 461,368 mt week ago corn: 1,524,777 mt vs. 1,727,589 mt week ago Inspections were good for grains, low end for...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
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.