GOOD MORNING, Prices took another step lower today as the spread of the coronavirus intensifies. The gap-lower price action from Monday was filled, but only served as resistance as prices continue to leg down. The unknowns of the virus continue to spook all the markets, where many outsides are also weaker. Gold futures, the safe haven trade, appears to be the only commodity in the green. There are now 170+ documented deaths from the coronavirus, while documented cases have risen to 8,000. The Chinese media reported that COFCO requested that all of its bean crushers and rice facilities restart production to ensure supplies during the coronavirus outbreak. China's Ag Ministry urged feed makers and slaughte...
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.