The excitement at the CBOT/CME today was in the livestock markets and wheat, with subdued action elsewhere. Buy grains/sell the soy complex was a major feature of the day’s trading with soybeans, soymeal, and soyoil all falling lower. MGEX wheat, the recent start of the wheat market spent most of the day trading lower except for a late-day rally that pulled it into the green. The latest CFTC report once again found funds net short corn and soybeans, though having pared back those shorts slightly. Funds are adding to soyoil longs (at least they were through Tuesday) but maintain a sizeable short across the entire soy complex. Funds were net sellers of SRW wheat while buying MGEX wheat, though that dynamic probably re...
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.