THE OPEN May beans: 12 higher May meal: 4.00 higher May soyoil: 48 higher May corn: 3 3/4 higher May wheat: 5 3/4 higher The markets opened higher than expected on the back of pricing, short-covering, and new buying activity as previous bulls repositioned. Opening price recovery added confirmation that early morning lows were now probably the lower end of trading ranges that will form into the end of the month. Seasonally the months of January and February turn negative for beans, and these two months are proving to follow form. A seasonal trade to buy beans/sell wheat is late but appears to have kicked in today. As the Goldman Roll finishes its run, would note that open interest...
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.