GOOD MORNING, Prices are mixed this morning. Wheat is lower as traders unwind recent buy wheat/sell corn trade. Wheat is under pressure in spillover from lower Russian wheat prices, which fell on the back of harvest pressure and the weakening of the ruble against the US dollar. Russia's IKAR raised its forecast for the 2020 wheat crop to 79.5 mmt from 78 mmt, which is also weighing on prices. Corn prices are firmer this AM as the commitment-of-trader's report found there was a mix of new buyers and old sellers participating in the market as it heads to recent lows. Feature of the morning is soyoil, which has traded into new market highs. Traders continue to buy soyoil/sell meal...
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.