GOOD MORNING, The USDA report is around the corner on Friday, Sep 10. The markets are firmer overnight on a combination of short-covering, pricing, and bargain hunting in front of the USDA, though corn prices seem to be struggling. Cash markets are attempting to adjust to the port disruptions in New Orleans. The Ohio corn basis, which had been the strongest, is starting to find some weakness. The trade will now gear up for the next USDA report out on Friday at 11:00 central time. Linn and Associates estimates corn yield at 176.7 bpa, which puts production at 14.996 bln bu. IHS Market forecasts corn at 15.09 bln bu, and FC Stone had a corn yield at 177.5 bpa which puts production at 14.0998...
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.