GOOD MORNING, The markets are mostly firm this morning after trading mostly higher in the night session. Dec and Jan meal placed new contract highs overnight, and there are rumors that China purchased both US and Brazilian beans on the break. Those rumors come despite reports of possible Chinese bean cancellations. The market is therefore focused on weather and production, and for the moment it is not assured that La Nina has gone away. Funds are an estimated net long 30K contracts of wheat, 280K corn, 220K beans, 80K meal, and 109K soyoil. Corn: On the bull side is the recovering crude oil market, and lower carry-out as exports remain good and crop size questionable with growing problems around t...
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.