Good weekend weather, lower FOB values for wheat world-wide, and fund selling pressured the CBOT today. Corn and wheat futures posted new contract lows with spot KC wheat futures reaching multi-year lows and closing below the psychologically important $4/bushel mark. The weather forecasts remain favorable with limited chances of frost/freeze in the foreseeable future. The weekly Export Inspections data from USDA was bearish corn, neutral soybeans, and bullish wheat. Corn exports were below their volume needed to keep pace with USDA’s projections while wheat shipments exceeded their weekly requirement. Today’s data shows corn exports will not meet USDA’s 2018/19 projection. Despite stiff global competition, 2019/20 w...
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.