It was a somewhat quirky day as grains took their lumps and soyoil supported beans. There was a new contract low in HRW, low volume trading corn and livestock, but high volume in soyoil. After trading 40,000 contracts, December soymeal settled unchanged, and moving in mere fractions, September HRS traded in an ultra-low 0.045 cent range, leaving it down 0.3675 cents for the week. Reports USDA’s Export Sales report covering last week showed new wheat commitments down but okay since they are still above last year at this time. With just six weeks left in the marketing year, old crop export sales are dropping but corn plunged to a MY low. New crop corn sales were the lowest in three weeks but cumulatively are still 45 percent...
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.