THE OPEN March beans: 22 higher March meal: 5.00 higher March soyoil: 87 higher March corn: 13 higher March wheat: 4 higher Prices opened strongly with more fund buying based on technical recovery and upside follow-through. The big break in the market, whether due to margin calls or chatter that a Chinese fund liquidated length, served to knock out weak longs and bring overbought extremes down to a more balanced level from which to own the markets anew. The correction did not hurt the strong ADX values, which continues to point to strong market upside trends ahead. Soyoil prices were sharply higher following strength in the canola market, which advanced to new contract highs early...
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.