Like it or not, USDA's January reports can take their toll on the markets. Ben Beneke on Thursday, 11 January 2001 observed that a "great deal of anticipation and bullish optimism [had] built up over the past week" in anticipation of the numbers. The battery of USDA reports released that day were "bullish for wheat but bearish for corn and soybeans in about equal proportions," according to Bob Kohlmeyer. At first bell, funds stepped into the corn market with volume for sale. Beans bore the same pressure as corn. Wheat took a different tack to the upside and could have done better were it not for the pressure coming off beans and corn...
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.