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feed-grains soy-oilseeds wheat

Market Commentary

General Comments Markets were mixed in the night session with soybeans trading as much as 13-15 cents lower at one point. The tenor of the markets changed early this morning when wheat started to rally on reports of smaller-than-expected on-farm grain stocks in Russia. That took wheat futures as much as 18-20 cents higher in Chicago and, in turn, pulled soybeans to 7-8 cents higher and corn 3-4 cents higher. Soybeans couldn't hold those gains and dropped to 7-8 cents lower. All of this happened before 9 a.m. this morning. Early trade was very active but volume was relatively light. There were no surprises in the weekly export sales report, with corn and wheat sales at or below the expected ranges and soybeans slightly higher than expecte...

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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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