GOOD MORNING, The May WASDE report will be released at 11:00 central time. The advertised estimates include higher 20/21 ending stocks for corn with a guess of 3.4 bln bu. But will the numbers released match expectations, and more importantly will funds add to existing short positions or cover something in. Charts this week and last suggest that trading ranges could the theme after all the numbers are released. Rallies stopped at critical resistance levels now defined as $3.23 July corn, $8.65 Nov beans and $8.62 July beans, $295.00 July meal, and 2680c July soyoil. Buy bean/sell corn trade was noted yesterday, and it was reported that China was purchasing 4 cargoes of US beans, which are now cheaper t...
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.