Grain and soy futures were firmer overnight with wheat the leader. Winter and spring wheat futures traders seemed inspired by wheat’s ability to avoid the downdraft that took corn and soybean values lower Wednesday. Also, press reports noted dry conditions in the western Canadian Prairies, Australia and Kazakhstan. With world supplies already declining, traders have tended to react to any sign of possible further reductions. World wheat supplies may be headed lower in 2018/19 to a degree, but they should remain more than ample. Wheat was able to hang onto gains during the day, but corn, soybeans and soymeal ran out of buyers midway through the session and turned lower. Chicago and KC wheat closed up 3-5 cents with MGEX gaining...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.