One day after shutting one of the most important waterways in the world, the U.S. Coast Guard reopened the Mississippi River near Memphis, Tennessee for river navigation. Yesterday, the Coast Guard closed the river due to a crack in the Interstate-40 bridge. After more detailed review by engineers, the crack and bridge were deemed stable, and traffic has been allowed to resume as normal. The 1½-day suspension of river navigation will ultimately have little impact on the U.S. 2020/21 export program. Fund liquidation and profit taking dominated Friday’s CBOT trade. July corn took the brunt of the selling with funds and speculative traders rolling their positions forward. Yesterday’s collapse in the market spooked man...
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.