The whipsaw weather and the seeming inability of the GFS weather model to provide accurate forecasts continue to frustrate futures traders. Soybean futures were a bit more active, though, and managed to post solid price gains today. General Comments The whipsaw weather and the seeming inability of the GFS weather model to provide accurate forecasts continue to frustrate futures traders. The good rains that were supposed to fall over Iowa in the last 24 hours did not materialize as predicted. Both the amounts and the coverage were much less than expected and not enough to halt the loss of soil moisture. Rain showers did move into Missouri and parts of Illinois, however. Both the EU and GFS models now agree that the western Corn Belt will n...
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.