THE OPEN Nov beans: 5 higher Dec meal: .50 lower Dec soyoil: 35 higher Dec corn: 1 higher Dec wheat: 1 higher The markets opened as called with further strength as traders lifted shorts in beans on the back of a continuing strong soyoil performance. Grains were followers at first but more selling showed in wheat which turned mixed on the day. SOY The key feature in the soy complex was that of continuing higher soyoil prices and oilshare. December meal prices dropped to a new trading range low of $318.00 as traders continue to buy soyoil/sell meal. December oilshare trades to 49.27% with crush at 1.24c/bu. Margins are still very good for crush. November bean prices respond i...
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.