THE OPEN March beans: 5 1/4 lower March meal: 2.50 lower March soyoil: 50 lower March corn: 2 1/4 lower March wheat: 7 3/4 lower The markets opened lower, but shorts were still looking for places to cover given the good performances of the past week. Setbacks were still largely viewed as areas for shorts to cover something in, while oilshare entered into a small correction. Funds are now near a record long in soyoil, which could be near 71K, while beans are now estimated to be short 75K, 27K in meal, and 100K in corn. Funds are estimated to be long 40K in wheat. On the political front, Argentina took grain export taxes higher with grains up 3% to 15% and beans up 3% to 33%. ...
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.