If one was looking for the January WASDE to spark a directional change in the commodity markets, the day was surely disappointing. The day started off as called with continued buying in wheat and light profit taking in soyoil. Funds were selling corn heading into the report and pushed the market below technical support. That selling pressure, however, would not last the day. Early this morning, the weekly Export Sales report was posted. The report was issued one day later than usual, but its interpretation was predictable. The report was bearish corn with a paltry 6.4 mbu of net sales and 20.3 mbu of exports, the latter being half what was needed to keep pace with USDA’s (now smaller) export forecast. Soybean sales were below 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.