GOOD MORNING, Trade continues to pullback and define trading ranges off the overall lows. Funds added to corn and meal shorts yesterday and bean/soyoil longs. Bulls have yet to lose the fight, but bears are hanging tough causing prices to maintain a sideways trade off recent highs. Demand, strong chart price direction, and slightly drier weather keep beans supported, as will defensive fund longs. Soyoil futures continue to march to new highs, albeit slowly. Good producer selling has been noted on this bean and corn rally. Bean basis bids were slightly lower at the same time export basis is firming. Advertised stories have it that Iowa's Dept. of Agriculture narrowed down corn acr...
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.