THE OPEN Jan beans: 10 /14 lower Jan meal: 3.00 lower Jan soyoil: 42 lower March corn: 3 3/4 lower March wheat: 7 1/2 lower The markets opened lower as called but found short-covering, bargain hunting, and pricing which held the lower end of trading ranges. Technically speaking, prices rebounded when there was no opening follow-through price action. Corn started to firm off the trading range lows with wheat finding a recovery trade as well. The Goldman Roll begins today for the soy complex as Jan. contracts are rolled to March on the close each day of the week. At 10:00 export inspections are as follows: Beans: 2,297,316 mt vs. 2,423,867 mt (vs. an estimated 1...
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.