GOOD MORNING, The surprising strength of the rallies this week caught bears off guard, creating a short-covering rally which found little selling pressure. Corn was the strongest market but makes sense since it was the most beaten-up heading into the Sep. report. Basis remains strong. The hurricane, which triggered fund selling and liquidation, perhaps got the market to a point where it: 1) had to come up for air and 2) created an undervalued condition for corn, in particular, given the amount of fund selling into the Sep. 10 data. Near the close, wheat and soyoil encountered losses that took the other markets off their highs. As technicals took over Wednesday, the market was able to shru...
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.