Selling in wheat was the dominant theme at the CBOT on Monday. Weekend news that private firms had made upward revisions to the Russian wheat crop, now forecast just shy of 80 MMT, pressured the CBOT to start the week. Unwinding of wheat/corn spreads helped the latter firm slightly while the soy complex was led by higher soyoil values. The USDA reported 260,000 MT of soybeans sold to “unknown” destinations in today’s flash export sales report. The sales included 8,000 MT for delivery in 2019/20 and the balance (252,000 MT) for MY 2020/21. The weekly Export Inspections report was neutral corn and soybeans while once again coming in bullish wheat. With only a few weeks left in the 2019/20 corn and soybean marke...
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.