GOOD MORNING, Prices are firmer this morning on positive technical signals from last week’s August WASDE report, drier weather over the next two weeks, and expectations that ratings will decline this afternoon. The Pro Farmer Crop tour begins today. Traders continue to talk about losses from the derecho last week, with analysts estimating crop damage between 250 and 350 mbu, which would reduce US yield by as much as 4 bu/acre, nationally. In a note, Commerzbank stated that given the damage, many believe that the USDA's yield of 181.8 bpa is too high. The state of Iowa is seeking about $4 bln in disaster relief after the storm, as announced by Gov. Kim Reynolds. China continues to be around the bean and...
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.