The overnight session looked like a Turnaround Tuesday would develop, but despite news of the fourth largest daily corn sale on record, the CBOT remained under pressure. Corn futures continued to edge lower while soybeans found slight support from bull spreading against corn and strength in soyoil. Any rally attempts in row crop futures were capped by gains over the Dakotas, Iowa, Minnesota, and Wisconsin. The near-term forecast remains favorable for all but the Southern Plains, and while the 7-14-day forecast holds limited heat and good rainfall, its recent reliability has been mediocre at best. Egypt’s GASC secured Russian wheat for $211.90/MT, marking a $6+ gain from the last tender. September Paris wheat futures posted a EU...
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.