GOOD MORNING, The rally from yesterday continued overnight for all the markets except for wheat. After the close, the FSA acres were a bit of a surprise, which could have created further buying activity on top of the positive technical price action after the August WASDE report was released: Prevent plant for corn: 5.375 mln acres (1.74 mln in North Dakota and 0.9 mln in South Dakota). Only 81.122 mln corn acres have been certified with NASS so far vs. 85.44 mln year ago. Prevent plant for beans: 1.223 mln acres Prevent plant for wheat: 1.194 mln acres USDA reported 2020 failed acres as: wheat as of July 31, 2020 at 421,198 acres bean as of July 31, 2020 at 16,650 acres corn as of July 31, 2...
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.