GOOD MORNING, The market leader for the morning is once again wheat, which placed a new high for the move up in the PM session. No doubt that this has become a very technical trade. All other markets are firmer as well, but are content to wait until we see the January report before further defining their trading ranges. Expectations are for corn and bean crops to be lowered, but the question is how aggressive will the USDA be? Small adjustments may break the market down, while a fundamental shift downward will kick prices out of current ranges to the upside. Funds will enter the report with a 120K short in corn, even in beans, a small short in meal, a very large long position in soyoil (100K plus...
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.