Corn futures ended about 3 cents lower today under pressure from last week's relatively small export sales, further evidence that lower Brazilian offers as far ahead as November are cutting into demand for U.S. corn. General Comments It was not a good day for quite a number of markets. Stocks finished lower with the Dow off 120 points. Crude oil fell to $44.66, down $0.49 and 27 percent lower since its spring rally peaked in June. Copper finished lower. The U.S. Dollar Index dropped below 98.0. Corn and soybeans declined, but wheat countered the trend to close higher. All of the prominent commodity indices finished lower.The weekly export sales report through 30 July played a big role in today's price action. Last week's wheat sales reach...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.