GOOD MORNING, Prices are lower across the board as profit-taking continues to hit the market based on better global rainfall, long fund positions, and recent technical bearish signal formation. The Commitment-of-Trader's report finds funds long everything, but much longer than expected in corn leading to lower prices today. Better growing conditions in South America weigh on prices as well, with a risk-off mentality heading into tomorrow’s election. Technically speaking, the charts are looking more sideways from recent tops, and some are breaking down further as we open on key support levels. China has been absent in the bean market as of late, causing flatness and spreads to weaken further. Beneficial w...
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.