Today’s open followed last night’s close with corn, soybeans, and wheat all higher. The market subsequently dipped but only corn and soyoil failed to end the session in the green. Yesterday’s Federal Reserve statement indicating a likely end to interest rate hikes and potential reductions beginning next year have stoked equities, and income sensitive animal proteins. However, except for lean hogs, this was a very low volume trading session. The dollar index is now down nearly 5 percent in a little over two months. However, Argentina devaluing the peso offsets some of the benefit to U.S. wheat, corn, and soybeans. For the trading week thus far, only January soybeans, live cattle and lean hogs are higher. Febru...
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.