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Market Commentary

Janet Yellen’s final meeting as Fed chair ended today with the Federal Open Market Committee (FOMC) deciding to leave the interest rate unchanged, which had been universally expected. The accompanying statement indicated the Fed now expects inflation will rise close to its 2 percent target by year’s end rather than stay below as implied by its previous statement. Overall, the Fed’s latest assessment of the U.S. economy and labor market was upbeat, appearing to pave the way for another rate increase at its March meeting. New Fed chair Jerome Powell will preside over that meeting, and he is not expected to deviate much from the policies Ms. Yellen supported. After relatively stout rallies in the wheat, soybean and soymeal m...

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feed-grains soy-oilseeds wheat

Summary of Futures

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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.

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