World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Trading started out on a firmer note before bulls backed off and let prices drift lower into the close. The trade is cautious of being too bullish about the October WASDE, having projected bullish statistics for almost every report this summer, only to have USDA release big crop/big stocks numbers. There is certainly room for yields to fall due to the ongoing early snowstorm, but that damage won’t be known until well after the October WASDE and USDA will not incorporate it into tomorrow’s projections.  The weather remains broadly supportive with the U.S. snowstorm likely to cause significant lodging amid other problems. Conversely, Brazil and Argentina remain too dry, though yield potential reductions won’t be known...

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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.

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