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Closing Bell Wrap-Up

The fundamentals are kicking in and pulling CBOT products higher. Spotty growing conditions across the Midwest, including reports of both drought and drown-out spots, are boosting corn and soybean values while declining production prospects internationally for wheat pushed those prices higher.  Fed Chairman Powell told the Senate today that U.S. economic growth and stable inflation are keeping the agency on-track to continue raising interest rates. The broader markets took the Chairman’s comments as a positive sign and have rallied accordingly. Outside markets are mostly higher with the Dow and S&P 500 up, the VIX down, and COMEX gold falling. The U.S. dollar is higher along with WTI and Brent crude oil.  Corn Spott...

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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.

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