The CBOT was broadly lower with corn, soybeans, and all three wheats trading into the red. The day had the feeling of a broad “risk off” day with general position liquidation. Economic data released today increased concerns about a global economic slowdown, causing stock prices to tumble. That weighed on the CBOT as well amid a general investor “flight to safety”. Overnight weather forecasts turned more favorable for the U.S. corn and soybean crops. Previous runs suggested above-average precipitation for the bulk of the Corn Belt, but that trend is now much drier in the 6-10 and 8-14-day forecasts. Moreover, temperatures, except for the Northern Rockies, will be at or slightly above normal. The net effect is t...
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.