GOOD MORNING, The report has come and gone, and in its wake set the trend for higher oilshare and higher beans vs corn. The bullish wheat report set the stage for a short-covering rally, and perhaps new bulls in the mix. Bull-spreads were evident as prices rallied after the release of the numbers. With yesterday's buying, funds are likely long 80K beans, 200K corn, 24K meal, and 55K soyoil. Funds are even to slightly short wheat. The numbers leaned a bit bearish for beans and corn. In the report, Chinese bean imports were lowered by 2 mmt to 98 mmt. In the new crop, Chinese imports were lowered by 1 mmt to 103 mmt, while Argentina's crush was raised by 500 kmt to 43.0 mmt and ending stocks increas...
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.