GOOD MORNING, Prices will open mixed after all were trading lower at one point during the PM session. July open interest continued to drop, as traders spread into deferred contracts. Soyoil futures posted a new contract high before succumbing to pressure as oilshare sees some profit-taking. May contracts expired without fanfare on Friday, leaving July contracts now in the driver's seat. Can Monday's trade set the tone for a week of recovery trade? The nail in the coffin for corn seemed to be delivered courtesy of IHS Market, who forecast corn acres at a hefty 96.8 mln acres, up 3.25 mln from month ago, and 5.7 mln acres above the USDA. Beans were a more modest 88.5 mln acres, down 1.3...
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.