THE OPEN Nov beans: 3 higher Dec meal: 1.30 higher Dec soyoil: 15 higher Dec corn: 1 lower Dec wheat: 4 lower Prices opened as called but oilshare quickly found more selling pressure as traders bot meal/sold soy oil. The markets continued to find fund selling at the open which took values into new trading range lows for beans, and back towards the bottoms for grains. Spreads were also weaker. The FOMC will kick off a two-day meeting starting today. Traders are eying interest rate direction. As outside markets lost upside steam, Ags did as well, guided by lower soyoil which was impacted by crude trading under $70/barrel again. Around the midday h...
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.