GOOD MORNING, The market remains focused this week on South American weather, harvest pressure, and signs of any Chinese purchases. Last week the corn market reversed course, breaking to new lows on Thursday only to take back those losses on Friday, in effect showing us its trading range in a two-day period. Part of the rally was attributed to potential corn business, as traders noticed signs of export trade off the PNW, (thought to be possible Chinese business), which drove shorts out since it was a three-day weekend. Passage of the USMCA trade deal was an important stabilizing feature. Technicals featured a strong trade in wheat with an outside up week closing higher. Strong demand, lower produc...
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.