THE OPEN November beans: 10 higher December meal: 4.00 higher December soyoil: 40 higher December corn: 3 3/4 higher December wheat: 4 1/4 higher Prices opened as called with yet higher moves attained for beans and soyoil as the technically motivated rally continues. Grains seemed to lag the pace a bit, as strong price action continues. Strong export demand and concerns over western Corn Belt dryness continues. However, it is the demand element from China for both corn and beans that provides the underlying support. Soyoil continued to gain on meal prices, while beans gained on corn. Supportive export sales helped to spur fund buying, but so did positive technical chart signals. S...
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.