THE OPEN July beans: 5 3/4 lower July meal: 1.00 lower July soyoil: 31 lower July corn: 3 1/2 lower July wheat: 18 higher The markets opened as called with an emotionally charged wheat market heading sharply higher as supply concerns in Russia suggest possible business could return to the US. Traders may have been looking for an opening pullback to buy due to chart strength but did not get that chance. Matif wheat gapped to a 14-month high, which found US markets following along in sympathy trade. Sharply higher wheat prices serve to stabilize other charts at the beginning of the day, but lower prices elsewhere pulled wheat prices off its highs. Crude oil remains the bearish component t...
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.