GOOD MORNING, The markets are lower this morning on profit-taking from current market tops as better rains fall across areas of Brazil. This is a corrective move from the top as the mission of the market is now to define new and higher value trading ranges, except for wheat which is still closer to the bottom of its trading range activity. Current rallies have been sharp, and charts extremely overbought. Cushioning a larger break is continued chatter that China buyers booked as many as a dozen cargoes of corn and beans each this week, which was a part of the recent price rise. Soyoil remains a fan favorite over meal, as crush margins move lower and vegoil global prices move higher. Beans started to sell-off more aro...
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.