Overnight trading was weaker with modest volume and choppy price action as the trade waits for tomorrow’s July WASDE. Open interest grew for corn, soybeans, and wheat as traders and commercials are apparently adding to positions ahead of the report. Midwest weather is warmer and features plenty of moisture this week, which will be good for crop development. Interestingly, daytime highs are not especially abnormal, but nighttime lows are above average values. A little bit of heat stress at this point in corn and soybean life cycles is a good thing as it will force roots to go deeper for moisture. Overall, crops have received decent weather since planting, which could keep USDA’s yield estimates toward the high side tomorrow. Th...
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.