Very few people, other than apparently some in the grain trade, trust Vladimir Putin. The continued belief that he will allow grain to begin flowing out of Ukrainian ports, and presumably the West will lift sanctions as the qui pro quo, led a bloodbath not in Ukraine but in the futures market. Led by wheat, the rest of the commodity market followed. Corn and wheat had been down in the overnight session, but the soy complex was firm and closed out higher. Soyoil and soymeal started the morning session looking to keep the overnight gains but eventually they too succumbed to the market’s sudden bearish mood. USDA’s export inspections report carried no surprise. Corn and wheat inspections were at the upper level...
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.