Overnight trade was lackluster, both in terms of volume and price action. Wheat and corn prices edged lower, while soybeans firmed slightly. Similar trends carried over into the day session with one exception. General Comments Overnight trade was lackluster, both in terms of volume and price action. Wheat and corn prices edged lower, while soybeans firmed slightly. Similar trends carried over into the day session, except that soybeans also turned lower by mid-session to join wheat and corn. Not even big weekly soybean export sales or USDA's additional daily sales report of 110,000 MT sold to China plus 773,400 MT sold to unknown could keep soybean prices from seeing red. Finally, the pace of new crop soybean export sales has begun to pick...
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.