GOOD MORNING, Prices are settling back in trading ranges with some profit-taking and hedge selling on this week's corn, bean, and meal rally. Wheat remains largely ignored, while the winner of best volume for this week went to beans. The short-covering was noted in the meal market and corn. Funds were estimated buyers of around 30K corn Thursday. Oilshare found some profit-taking activity from the bull. Beans may continue to find the most support on Chinese business, but are pulling back today as traders even positions into the weekend. China and the US will participate in a video conference Aug 15, so would look for profit-taking in the bean market from those wanting to reduce exposur...
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.