GOOD MORNING, Ag prices are mixed this morning, but the real action is in the stock market which is sharply higher on positive vaccine news and investors breathing a sigh of relief that an election victory was declared in the US. In terms of the vaccine, Pfizer said that data showed the vaccine shots could be 90% effective at preventing Covid-19, indicating that the company is on track this month to file an emergency application with US regulators. Ag futures firmed on macro strength, suggesting this would be a day of across-the-board risk-on buying day. Beans and soyoil futures score new highs when the stock market popped, while grains and meal stay confined to previous trading range activity. The Nove...
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.