A mostly bullish overnight session was not sustained, splitting the soy complex and wheat. Corn rallied late to avert a loss. The morning opened with USDA’s Export Sales report reflecting the turn by buyers to lower-cost sources. There was good volume trading corn and the soy complex, and soyoil hit a new contract high but that was not enough to prevent soybeans and meal from closing lower. Weather patterns are changing and setting up mixed conditions that are ripe for second-guessing. South American crops may now lack enough moisture, whereas the Northern Plains of the U.S. have turned wetter. The livestock sector is taking a breather but remains bullish. There are plenty of geopolitical and outside market influences to k...
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.