Overnight trading in grain and soy futures saw average volume and limited price movement. Markets traded on both sides of Monday’s closes. At the recess, wheat and corn were down by fractions with soybeans a penny or so higher. Price trends became better defined during the day session as Chicago and KC wheat contracts edged higher, helped by a sharp drop in the U.S. dollar. Chicago wheat was up near 5 cents at its high, and KC wheat peaked up about 3 cents. Both markets then finished down 1-2 cents from their highs, but their positive closes were in contrast with the general weakness of corn and the soy complex as well as a number of other commodities today. MGEX wheat closed around 1-4 cents lower, however. There was little by...
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.