World Perspectives
feed-grains soy-oilseeds wheat

QUICK HIT - July WASDE Report

JULY WASDE Yield: unchanged for corn, and slightly lower for beans bean yield:  48.5 bpa, generally as expected, maybe a bit higher corn yield:  166.0 bpa - neutral  production: 19/20  13.875 bln bu vs. 13.68 bln bu in June Reaction to the report is bearish for corn once again and neutral for beans, but this time there was more support for corn which turned mixed as well following a bean rally.  Report reaction was friendly for wheat.  Buy wheat/sell corn and buy bean/sell corn trade was noted post release as quick trends. More later but overall feels like report keeps us in current trading ranges to see how weather / trade negotiations impact price as larger catalysts for trade to take us out of familiar...

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feed-grains soy-oilseeds wheat

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livestock

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The pork industry saw production margins improve last week as strong pork demand lifted prices for both the pork cutout and physical hogs. Pork packer margins ticked slightly higher as gains in the pork market outpaced those in the hog market while higher lean hog futures and a slight dip in fe...

feed-grains soy-oilseeds wheat

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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.

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