THE OPEN July beans: 1 1/2 higher July meal: .20 lower July soyoil: .12 higher July corn: 3/4 lower July wheat: 2 higher A higher-than-expected planting pace and continuing fallout from Covid-19 led to weaker prices after the open. Short-covering was noted for corn at recent lows, while traders unwound previous buy meal/sell soyoil trade. Later in the session, continuing weakness from beans and meal overshadowed grain strength at the start of the session. First notice day is Thursday for May contracts, which always brings with it a certain amount of market pressure. Currently there are 3 corn registrations, 11 soft wheat, 10 HRW, 564 meal, 2,668 soyoil, and 1 soybean certificates...
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.