CBOT markets featured much of the same position-evening, range-bound pattern they have for most of this week. Wheat futures bounced off technical support and moved higher in what was the most interesting development for the day. There is little interest in adding to/subtracting from positions ahead of the January WASDE, and funds are thought to be net short 8-10,000 contracts of soybeans, short 20,000 contracts of soymeal, and 85-95,000 contracts of corn. The fund long position in soyoil is near 100,000 contracts, making that market vulnerable to corrections, while managed money also holds 20,000 contracts of a long wheat position (that is potentially growing). China noted this morning that it would be suspending its national ethanol...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.