The soy complex was the upside leader Wednesday with dry weather in South America sparking a 20-cent rally in soybean futures. Soyoil was helped higher by palm oil futures and the entire soy complex saw noted fund and end-user buying. Corn futures traded higher, helped by the soybean rally and expectations of tighter ending stocks in the November WASDE. Corn also benefitted from bull spreading against wheat, which kept the latter grain on the defensive for the day. Rumors are circulating that Chinese officials have told importers to suspend wheat purchases from Australia. That should help keep the U.S. export program moving. Markets continue to watch the U.S. election outcomes, for which a winner of the Presidential race has not yet been c...
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.