THE OPEN Nov beans: 2 3/4 higher Dec meal: 1.50 higher Dec soyoil: 1 lower Dec corn: 1/4 higher Dec wheat: 1/2 higher The markets started on a higher note but lacked the conviction and the volume/energy to take prices higher on the day. Without more market information, corn prices sagged, trading down to PM session lows. Wheat prices reversed course as the short-covering has seemed to be cleaned up. Buy beans/sell corn and wheat were major themes for much of the trading session. At 10:00, export inspections were released as follows: Beans: 1,296,352 mt vs. 944,150 mt week ago Bheat: 565,099 mt vs. 497,468 mt week ago Corn: 531,74...
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.