GOOD MORNING, The markets are higher across the board, with soyoil futures into new ctr highs. Hot and dry weather forecasts verify, sending prices sharply higher, with beans, corn, and meal having upside gap-and-go starts, which is bullish. Corn and bean crops are stressed as weather in the Dakotas hits record highs, and it is estimated that 27% of the corn crop is under severe drought. While the market remains hot, it is not all about the weather. Top star is the vegetable oil market, which remains red hot powered by the biofuels push. According to a Reuters article, production capacity for soyoil is expected to grow 935 mln glns in 2021, about twice as much as yr ago, according to data from the Ston...
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.