It was a vivid “Turnaround Tuesday” for grain and soy markets after Monday’s dive to test recent lows and, in some case, set new record lows. It began rather gradually in the overnight session, which saw trading volume notably higher than average. Prices started out slightly lower to near unchanged and slowing moved above Monday’s closes. They were led by wheat, which ended the overnight session 3-4 cents higher. Corn and soybeans gained 0.5-1.5 cents. It is difficult to explain the unusually heavy overnight volume but only modest price changes. Things turned more interesting during the day session, again led by wheat. Enough buying interest was uncovered to move wheat prices up several cents and high enough to caus...
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.