Corn fell to a new contract low amid fund selling and bear corn/wheat spreading. The soy complex managed to find modest support with higher closes in soybeans and meal, while soyoil gave back some of yesterday’s gains. Wheat futures were buoyed by a lower dollar that may further enhance U.S. export competitiveness, along with a technical bounce that triggered buy-stops. President Trump announced this morning that his administration would submit an updated biofuels policy in the next two weeks. The rumored policy still has no details (making it sound suspiciously like The West Wing’s "Secret Plan to Fight Inflation”) but one can likely safely assume it will be favorable for agricultural interests. 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.