Today was mildly volatile in the market with closing gains limited to soyoil and ethanol, purportedly due to their relationship to elevated petroleum prices. But that is a loose association in a market where overall demand has practically collapsed. Higher petroleum prices can be helpful in ordinary markets, but this is no ordinary market. The price of petroleum was up a record 30 percent at one point on assertions by President Trump that he thinks he can get Russia and Saudi Arabia to agree to a production cut of 10 million barrels/day, and boastfully perhaps 15 million barrels/day. By the end of the session, petroleum was up around 20 percent. Corn opened down but caught the petroleum bug briefly posting a 10-cent gain that...
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.