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feed-grains soy-oilseeds wheat

Market Commentary

The CBOT opened with soybeans moving higher on a combination of short covering, improving technical conditions, and rumors of Chinese purchases of U.S. soybeans. WPI sources note that China secured several (at least 5 and possibly up to 15 cargoes?) of U.S. soybeans in recent days with duty-free import quotas having been granted to U.S. companies. Reuters reported that China has granted 1 MMT of duty-free imports to U.S. firms. The grain markets were steady/weaker with little fundamental news or reasoning to move one way or the other. Long soy complex/short corn/wheat trade sent the latter two commodities lower for the day.  The weekly Export Inspections report showed slight improvements in corn shipments, with 18.9 million bushels (m...

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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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