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Market Commentary: Corn, Wheat Sharply Lower in Pre-WASDE Trade; Soy Complex Weaker on Profit Taking

It’s Election Day in the U.S. and the day before the November WASDE. Markets tend to trade small ranges before the elections and the USDA’s report, but today’s trade was unusual as corn and wheat, rather than hunkering down, traded wide-ranging days with sharp losses. Fund selling and profit taking was largely responsible for the day’s weakness with fundamental news again remaining light. Soyoil fell sharply lower in tandem with crude oil as Chinese officials denied over the weekend that the country is looking to ease it’s COVID policies.  Outside markets were mixed on Tuesday with the outcome of the American elections obviously still undecided. The stock market was cautiously higher as investors await th...

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feed-grains soy-oilseeds wheat

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Thursday April 25, 2024...

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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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