It was a good thing that futures markets closed early today given that there were very few inputs to guide movements. The U.S. government was closed in observance of President Jimmy Carter’s memorial, so reports like weekly Export Sales are delayed until tomorrow. Wall Street and the banks were similarly closed. Cash trading was light. Volume was inherently lighter due to the shortened trading session. There was no real change in the weather forecast. Pre-report positioning is mostly complete. Phew, with that…wheat and soymeal closed lower but there were gains in corn, soybeans, soyoil, and the livestock complex. All changes were modest. Traders still have a chance to alter their positions tomo...
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.