General Comments The trading pattern of the markets was reversed from the recent "norm" last night and today. That might have been a slight disturbance in the "force." Instead of opening higher and trading strong overnight followed by a collapse during the day, markets opened very weak last night following Friday's major sell-off, but then did a 180 and moved to sharply higher levels led by soybean futures. March soybean futures did drop back to within a penny of Friday's low at $13.56 (which was also the harvest low) and markets had a very back-and-forth trade today, but they finished well off the lows and very strong.There was no single event or news item that caused the turnaround. The markets were and still are oversold technically,...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.