Corn Last Friday Argentine corn showed good trade movement in the FOB market. After some inactivity, interest appeared from FOB buyers at levels around +14/+15 CN. Argentine corn was mainly sold to Colombia and Peru. These countries took several cargoes for 15 May and June at these levels. It is clear that Argentine corn is much more attractive than U.S. corn, which is being quoted around +95 CN for similar positions. Additionally, a trade was performed last week in Bahia Blanca for 15 May shipment at +45 CN FOB.After the big volume traded last Friday, this week started quietly with sellers offering at +17CN -- although bids did not improve from +10 CM. The demand pretty much covered for May and June, but there is still some room for add...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.