GOOD MORNING, Trade opens into positive territory to start the PM session, with conditions poorer than expected and hot and dry forecasts continuing in areas where it is hurting crop development the most. Ratings were released that were under trade expectations. Spring wheat acreage ratings fell to the lowest since 1988. Funds are now long an estimated 165K beans, 100K soyoil, 280K corn, and even to slightly long wheat. Chinese markets were actually lower overnight. The July index roll pressured prices yesterday as funds roll or liquidated July contracts. Spreads are firmer for beans this AM, but continue to leak lower for corn. Most of the volume is now going to Dec. corn and Nov bean...
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.