GOOD MORNING, After placing new contract lows or low -end prices for ranges, prices are firmer this morning, (except for wheat), on a combination of bargain-hunting and short-covering. Meal placed a key reversal yesterday which suggests a reverse of trend is coming, and that enabled beans to also put in a constructive day of trade as well. As noted in previous cycle lows, key reversals are one of the most important stabilizing or reversal signals that point to eventual higher trade, and pullbacks may now find more buying interest. Beans bounce as media reports that a major Chinese crusher purchased cargoes of US beans out of the Gulf in order to shore up reserves, as reported to Agricensus. Inquiries also con...
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.