THE OPEN March beans: 7 lower March meal: 1.00 lower March soyoil; 52 lower March corn: 3 3/4 lower March wheat: 8 1/4 lower The markets opened lower as expected as a macro-day of selling across-the-board takes place due to the continuing spread of the Coronavirus. The markets are having to grapple with the notion that the virus is impacting travel and consumption, which may lead to slower economic global growth. According to one analyst, China stated that their GDP may fall below 6%, which would be the slowest growth in a decade. Ag Sec. Perdue stated that the virus may impact the trade deal. Net-net, prices saw a further escalation to the downside as sell-stops were trigger...
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.