THE OPEN July beans: 8 lower July meal: 2.50 lower July soyoil: 54 lower July corn: 3 lower July wheat: 10 1/4 lower Prices opened lower with more position-evening into the first hour or two of trade. The catalyst for bean trade was sharply lower soyoil, which followed weaker palm, rapeseed, and canola prices and triggered more profit-taking in oilshare. Nearby corn spreads popped back with July corn trading higher. Technically speaking, November beans filled its gap and then some, while Dec corn backed into its gap as well, signaling more consolidation trade ahead. Cash markets are trending slightly weaker. User end-pricing on the break is routine, as buyers have seen...
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.