Corn futures prices were buoyed by the market’s ability to once again trade and close above the $3.43 technical support level for December corn. Meanwhile, soybean futures were weighed down by FCStone’s big yield and production estimates as well as a few other factors. General Comments It was Turnaround Tuesday for the soy complex, but corn firmed on technical support. Meanwhile, wheat trade was mixed with a bias toward lower prices for the winter wheat markets but continued strength in MGEX spring wheat.After yesterday’s rally, the soybean market was buffeted by a surprising 1 percent increase to 74 percent in the soybean weekly crop condition rating. With harvest underway, condition ratings normally decline. Then came Intl FCStone’s new...
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.