Markets opened slightly lower Sunday evening, but it didn’t take long before soybean futures turned positive. November soybean futures traded as much as 16-17 cents higher at about 1 a.m. and traded as high as $9.99¾. Corn and wheat couldn’t follow the soy complex and traded lower all day today. General Comments Markets opened slightly lower Sunday evening, but it didn’t take long before soybean futures turned positive. November soybean futures traded as much as 16-17 cents higher at about 1 a.m. and traded as high as $9.99¾. Corn and wheat couldn’t follow the soy complex and traded lower all day today.Crude oil was weaker today and traded briefly below $50 in the December WTI contract. The U.S. dollar continued to strengthen. U.S. equity...
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.