THE OPEN July beans: 10 higher Julu meal: 2.00 higher July soyoil: 34 higher July corn: 1 lower July wheat: 1 higher The markets opened as called with the cancellation of corn to China taking some steam out of initial trade, which created a bit of profit-taking in corn as it crossed over to the soy complex. Feature of the day was that of profit-taking in spreads, and profit-taking in oilshare. By the last hour, all markets were working higher with funds adding to overall length with new contract highs in corn. IHS MARKET (formerly Informa) released the following world production estimates: Brazil 20/21 corn: reduced 9 mmt to 95 mmt Argentina 20/21 corn: increased 1 mmt to...
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.