Corn steadily lost ground today on fund selling and some expectations that farmers will have to sell some bushels as the corn harvest starts to gain some momentum. Unlike the soybean harvest reports, corn yields are generally being reported as not as good as expected. General Comments Markets started mixed last night with soybeans firm while corn and wheat were slightly easier. Pre-opening calls were lower based on improved weather forecasts that looked drier across the Corn Belt. That would of course allow quicker harvest progress. The markets weakened further overnight and traded lower all day today with corn, soybeans and wheat all finishing with moderate losses. Funds were sellers of everything.U.S. equity markets were also weak the e...
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.