Corn and soybean markets were steady to slightly higher overnight with wheat 1-2 cents lower. Soybean futures led the markets all higher this morning on another round of positive news surrounding the China/U.S. trade talks. It seems that most are now convinced an agreement is near. This belief was bolstered by news that China’s parliament passed legislation opening foreign investment with protections on intellectual property. No one is certain yet what that really means, but it was viewed as another step in the process. There were all sorts of rumors today about how much corn, sorghum, soybeans, etc. might be in the mix to China. Overnight volume was big in the corn market, but it was only average in wheat and soybeans. There were no...
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.