GOOD MORNING, Charts feature a gap-lower open in corn, beans, meal, and wheat this morning as global markets continue to be impacted by the spread of the coronavirus, with negative spread trade as well. Asian markets are closed for the Lunar New Year celebrations for this week, with the gov. extending its Lunar New Year holiday by 3 days to Feb 2. Total number of confirmed cases in China are 2,744, with 81 deaths. All the market saw red on Friday, as funds entered a round of selling across the board, and this morning global markets are lower in what appears to be a risk-off macro day of selling across the board, which are over-flowing into the Ag space. Traders continue to hunt for signs of Chinese business,...
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.