GOOD MORNING, Prices are lower on technical downside activity from yesterday's trade. Negative trade rhetoric continues between the US/China over the virus, and fund selling dominated Wed. trade, as end-users remain patient. Wheat is leading to the downside hitting new trading range lows post report on bearish data as well as better global crop weather. Beans broke on trade tension talk and despite the fact that China has made purchases over the last several weeks. Corn continues firm against both beans and wheat, as funds already hold a 225K short position, and charts have turned sideways. Crush took a bounce higher yesterday as bean weakness vs. steady product trade helped margins. S...
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.