General Comments Today's market action was what some analysts like to refer to as "consolidation." This is a term that is frequently used when there is not much else to say about the market. And there also was a distinct lack of fresh fundamental or outside macro input. Overnight e-trade was muted with some profit taking in the soy complex pressing those prices, while the unwinding of inter-market spreads lent some support to corn and wheat.The day session opened with small gains for soybeans, wheat and corn. Export sales last week were as good as expected or better, and this supported markets at the opening. Among other things, last week's export sales showed that there is still considerable demand for old crop corn and soybeans with th...
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...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.