CBOT trade was mostly a continuation of last week with corn falling lower amid declining ethanol demand and expectations for aggressive planting over the weekend. Soybeans and the entire soy complex traded both sides of unchanged today before settling lower as demand remains a concern and there is, as of yet, no supply shortage to spark a rally. SRW futures broke notable technical resistance this afternoon while HRW futures are retaining a more supportive chart formation. Funds were net sellers for the day, liquidating some 5,500 contracts each of corn and soybeans, while selling 1,500 contracts of SRW wheat. It seems increasingly likely that corn futures will test last week’s contract lows and soybeans could follow as well. Th...
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.