Corn was steady to 1-2 higher much of the session in trading volume that was something less than half of normal levels ahead of the long weekend. China will apparently try to auction off another 3.5 MMT of reserve corn on 29 May. General Comments Soybeans were again firm through much of the night session following Thursday's strength as wheat and corn showed little movement. Overnight volume was very light. Markets started higher this morning with soybeans leading the way, but that strength quickly subsided, and markets turned slightly lower in the first half hour of trade. Trading volume today was very light.This is the first long holiday of the summer in the U.S. with markets closed until 7 PM (CDT) Monday evening. Monday is Memorial Da...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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.