GOOD MORNING, The markets are lower across the board on first notice day. Traders should be out of long March futures heading into delivery. Equity markets are lower as well, which is providing Chicago with some macro pressures. US meal futures are down hard following a 5% slide in the Chinese meal market, which was the largest decline in eight years and based on what analysts theorize was profit-taking combined with some limited March bean imports from Brazil. The announcement from China that they would slow the crush rate on Brazilian harvest delays cast a negative sentiment over the market Thursday. Adding to the negative sentiment this morning is the announcement from China that African Swine F...
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.