World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Big Bets on Tomorrow

The market is frothy. Tomorrow’s USDA WASDE report could affirm today’s relatively bullish sentiment, or it could break it on fundamentals. The question is whether USDA’s corrections in yield, production and stocks go as far as current guesses. In all likelihood, there will be some disappointment, and some satisfaction. Like equities before this week, commodities have been in a little melt up. There was some positioning ahead of tomorrow but not the usual kind. It was more risk on than risk off. Buy corn and wheat, sell soy. The December corn contract is now at a five-month high despite it being harvest time and amid record global stocks. The U.S. alone is facing more than 2 billion bushels in corn ending stocks.  T...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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Thursday April 25, 2024...

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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.

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