GOOD MORNING, Prices are mixed this AM with gaps filled in beans and still waiting in corn as the markets find some profit-taking heading into the September 11 WASDE. Analysts will begin to put out estimates for yield and production in front of the report. One firm is already out with their guess, with corn at 179.6 bpa and production at 15.085 bln bu. Their bean guess is 52.9 bpa with production at 4.388 bln bu. As a reminder, USDA was at 181.8 bpa for corn and 53.3 bpa for beans. The crop progress report was neutral with crop conditions not declining as much as feared. Beans broke hard after the numbers were released. WEATHER Rains still favored in the eastern Corn Belt, with good rains...
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.