GOOD MORNING, Prices overnight were mixed as soyoil prices returned to weakness taking beans along for the ride. Grains are mixed led by wheat to the upside, which likely rallies on short-covering. July open interest continues to be liquidated or rolled as we begin to head towards first notice day. August contracts will soon take the place of July, with inverses firming for beans and corn. August/Nov beans are firmer as is the Sep/Dec corn spread. Beans rallied this week as China purchased US beans on the break, and further inquiries are being made despite SA being less expensive. Traders continue to look for signs that China will purchase US corn again. China is said to auction...
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.