Corn and soybean futures prices were fractionally firmer overnight, while wheat prices sought to recover at least a sliver of their February losses. Chicago wheat was up about 5 cents heading into the early morning trading recess. Later in the morning, traders were tuned into the testimony on China trade negotiations given by USTR Robert Lighthizer before the House Ways and Means Committee and testimony by Ag Secretary Perdue before the House Ag Committee. Secretary Perdue expressed optimism that China would buy additional ag commodities, including the discussed 10 MMT of additional soybeans, but he was careful to note that it depends on how the trade negotiations wrap up. Lighthizer, a hawk on China trade, was purposely cautious about pro...
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.