GOOD MORNING, Prices continue grinding sideways into next Monday's July WASDE report. Traders continue to liquidate length and oilshare. Beans were higher at the start of the week on rumors of Chinese inquiries, though prices have weakened lately on the back of lower recent demand from China for Brazilian beans on the back of poor crush margins. Corn prices see pressure from tired bulls, better weather in the eastern Corn Belt as crops move through pollination, and the story that Chinese farmers increased their corn acreage sharply driven by high prices. China also incentivized their farmers to plant corn before 2009 which created an over-supply of this commodity for about 5 years. Same trend, different year a...
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.