The Market Improved weather in Brazil took its toll on soybeans this week, taking Chicago prices down 5.75 cents to $13.25/bushel for the January contract. Pricing last month was steady and should remain that way based on tight stocks and solid demand, but that will require Brazilian weather to return to some dryness. It was soymeal that took the real beating. Losing $21.40 for the week in the January contract and now priced at $412.70/ST, slightly below the low in November. By contrast, January Soyoil added 1.16 cents this week to end at 51.45 cents/pound. DOE reported that soyoil used in biofuel increased 29 percent in September to 1.21 billion pounds, the fifth straight month of over a billion pounds going to fuel. And USDA reported lat...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.