THE OPEN May beans: 8 lower May meal: 5.30 lower May soyoil: 27 higher May corn: 4 1/4 lower May wheat: 10 3/4 lower The markets opened as called with early weakness a consistent theme for the day, particularly for beans. However, higher crush margins and firmer basis levels invited more buying today for beans and meal despite opening weakness. The markets that were beaten up the most found support amidst short-covering activity, namely soyoil and corn. Soyoil held its gains over meal as weaker oilshare firmed on profit-taking. Corn found more short-covering when prices moved through key resistance which triggered buy-stops. In terms of positive news for th...
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.