GOOD MORNING, Prices were lower for the first part of the night seeing more follow-through liquidation on yesterday's lower performance, with the soy complex turning higher by morning. Funds sold 6000 wheat, 35,000 corn, 7000 beans, 4000 meal, and 1000 soyoil yesterday, most of it coming out of grains. The commitment-of-traders report will be out Monday, but it seems like there has been some liquidation in all the markets due to covid cases and possible lockdowns. Funds are now estimated to be around 36k long wheat, 309K long corn, 280K long beans, 94,000K meal, and 97K soyoil. It was a bit of a surprise that corn has given back as much as it has, suggesting that prices are now going to head into a sideways p...
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.