What goes up must come down, but this is still a sideways market at worst. Bulls must be fed and there were no big sales and instead it was profit taking. The key question is how shallow or deep is support and the answer is where bottoms hold. Today some bottoms were tested but unless one is greedy, markets are still in relatively lofty territory. The near- and long-term story remains South America. The U.S. crushing industry may have set a record in October and if so, it can partially thank Argentina. World demand is up but Argentine farmers are not letting go of their soybeans, the ports are on strike, and there was an accident at one of the working plants. South America could still kill this current bull run. The weather is suboptimal b...
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.