Outside markets were screaming hot today, but most agricultural commodities not so much. Tech companies boosted the Nasdaq by 2.43 percent and pulled along the Dow by nearly 2 percent and the S&P by almost 1.5 percent. But upbeat tech corporate earnings reports had no impact on grains and oilseeds, which are instead spinning down towards previous lows. Instead, China’s washout of another 233 KMT of corn put a pall over the grain market. It raised the total corn cancellations by China this past week to over a half million tons. An impending huge corn crop and improved moisture conditions weighed down wheat as well. The result was two contract lows (soyoil and HRS), but a more bullish animal protein outlook enabled a new cont...
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.