Virtually every weather forecaster and computer model run were putting big rains across all of the western Corn Belt last Friday. The problem was that over the weekend none of the major coverage with good rainfall amounts developed in the areas that needed it the most. There were spotty thunderstorms that did provide some beneficial rain across some very small areas, but nothing like was predicted and expected. The fact is that most of the western and southwestern Corn Belt has turned extremely dry since the mid-June and we are now into the last week of July. This has been ignored by the bearish market mentality, as we pointed out last Friday. The focus instead has been on the lack of a major heat dome or ridge. The table below is a quick...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.