GOOD MORNING, Prices started the night on a steady note but this morning will open lower. Sharply lower soyoil futures are pressuring beans, and prices will begin on key support points. The theme now seems to be liquidation for the day into the weekend, as the report is digested from yesterday along with current weather. China lowered its 20/21 corn estimates in feedstock on the back of more alternative use of grains. China's 202/1 corn consumption in feed was seen at 182 mmt, down 3 mmt from the prev. month, according to a statement published on the website of the Ministry of Agriculture and Rural Affairs. The gist of the USDA report was that of a slightly friendly tilt to corn, neutral to perhaps a b...
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.