GOOD MORNING, Funds are long, it's dry in Argentina, China is back from holiday, and the USDA Agricultural Outlook Forum starts this morning. The Forum will release its acreage estimates and a full supply and demand data picture during the session. Given recent estimates, the 21/22 acreage numbers may provide the markets with resistance, but should probably not offer up too much of a surprise. In early remarks, Seth Meyers, chief economist for the USDA, said that while Covid-19 had an adverse impact on trade for most goods, agriculture proved to be resilient. The USDA raised the 2021 Agriculture export forecast to a record $157B on strong Chinese demand, though warning that recovery remains uncertain due to Co...
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.