THE OPEN March beans: 5 higher Mach meal: 1.00 higher March sooil: 6 higher March corn: 3/4 lower March wheat: 6 higher Prices opened as expected with a late corn sale reported by the USDA for 101,600 mt of corn sold to unknown for 20/21. Early trades included more profit-taking on recent buy corn/sell wheat spreads, as well as buy soyoil/sell meal. Market longs appear to be lightening up on corn and soyoil positions a bit. The Lunar New Year for China is from Feb. 12 - 17, which could have found more buying activity into that time-frame. Farm Futures released their estimates for spring acres for 2021 which is based on a survey ot 806 farmers during the month of January: US sprin...
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.