It was a modest day in the pits with wheat in the green and corn and soybeans in the red. After yesterday’s profit-taking there was leveling out today ahead of the weekend as traders await more actionable factors early next week. A U.S. – China bilateral consultation scheduled for tomorrow that some worried could be a negative impact turned out to be postponed. China’s consistent purchasing of soybeans this past week should continue and provide a floor under the market. Smart money is waiting to see Monday’s crop progress report, and it awaits clarity on future weather patterns (currently cooler and drier). A DTN estimate put the U.S. corn yield at 183.9 bushels/acre, up 2.1 bushels from the August WASDE, but...
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.