GOOD MORNING, Prices will open mixed with weaker wheat against strength elsewhere on the board. This has become a technically driven market as prices make new highs in corn hitting upper targets. Dec. corn is now over $6.00 and July corn over $7.00. The drought in Brazil is the major focus and catalyst for higher trade, as this crop competes directly with US values when harvested. Research analysts estimates of the crop continue to show production lower which, is creating a higher corn price as funds purchase. Other markets besides corn that was associated with Brazil were also strong, from coffee which, rallied 6% yesterday, to sugar. Beans are a follower, while soyoil builds support from a...
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.