GOOD MORNING, Prices started the night with more losses as we head into the last week of July. The lack of demand and overall reductions in fund length continues to send prices into large sideways trading ranges. Open interest numbers continue to decline week on week for beans, corn, and wheat, which is negative for current prices as more traders opt out of long positions. Demand from China has been lagging, and more private estimates for a record corn yield add weight to a seasonal that proves negative for corn this time of year. Last year, China purchased about 58% of stated commitments, but covid-19 and trade disruptions this year may change that. As of May 1, the US was about 15% behind year ago.&nb...
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.