GOOD MORNING, The markets are mixed this morning but mostly higher led by wheat. Wheat started its turn yesterday triggering buy-stops and reversing price direction and now continuing its run this morning. In terms of business, the Saudis are in for 595,000 mt of wheat for Nov/Jan, and it will be the first tender where the quality restraints are relaxed enough to allow Russian wheat to compete. Russian wheat quality is 84 percent milling vs. 74 percent year ago. Though US wheat prices have fallen, they are still above EU and Black Sea values. Beans are continuing to firm on good crush numbers and better export sales numbers, in which China continued to ship beans purchased earlier in the year.&nb...
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.