With Thanksgiving nearly upon us, it is time to see if the "turkey trend" holds true once again. As WPI's Bob Kohlmeyer once described (WPI 21 November 2006), a seasonal market trend is the strong tendency for soybean futures to close higher on the days before and after Thanksgiving. I made the mistake of asking a veteran trader why soybeans always seemed to act this way. He scowled at me for a second as though I were dumb, and then said, "Because sellers take long holiday weekends and buyers don't." I never asked again. However, the fact is that over the last three decades January soybeans have closed higher on the day before Thanksgiving more than 75 percent of the time. That is an extraordinarily high correlation...
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...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
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.