Wheat prices are now back to the level that the world’s buyers should seriously consider adding to their volume of inventories and long-term coverage. However, there are the beginnings of a few weather issues that could start to put a bottom in the wheat markets.Wheat futures prices have slumped again and lost 45 cents a bushel ($16.50/MT) since their last high was achieved on 7 October. The Chicago December contract established its low point at $4.63 on 4 September. We are now back to within 20 cents a bushel to the lows set in late June 2010. The price collapse ended very quickly when the late season drought in Russia forced the country to suspend wheat exports. That boosted Chicago wheat futures prices from $4.55 to $8.41 a bushel in les...
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.