Overnight trading found CBOT futures lower after yesterday’s rally in corn stalled at key moving average (MA) resistance and from yesterday’s technically weak close in wheat. Corn finished nearly 8 cents lower, while the soy complex bled into the red as well. Only wheat managed to find a few pennies of support. The day session saw mixed trading with corn dropping to early losses and soybeans initially following suit, but the latter then found support and closed higher. Wheat continued it’s decline with all classes finishing lower. Yesterday’s CFTC report showed a larger-than-expected long position in corn and the exact opposite situation in soybeans. The June USDA reports found traders strongly on the wrong side of...
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.