USDA corn estimates: U.S. corn outlook is for reduced production in 2019/20, but slightly higher ending stocks because of lower corn used for ethanol. Corn production is forecast at 13.799 billion bushels, down 102 million from last month on a lower yield forecast of 168.2 bushels per acre. Corn used for ethanol for 2019/20 is lowered 25 million bushels. With use falling more than supply, corn ending stocks are up 9 million bushels from last month. The season-average corn price received by producers is unchanged at $3.60 per bushel. This month’s 2019/20 foreign coarse grain outlook is for virtually unchanged production. Ukraine corn production is lowered, as dry conditions during the month of August reduce yield prospects for...
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.