The CBOT ended mixed in low-volume trade before the long U.S. holiday weekend. Corn futures turned slightly lower while soybeans and wheat traded to modest gains. Spread trade was active and there seemed to be little interest in taking, or adding to, flat positions. The markets are likely to remain range-bound and quiet before the trade gets an updated look at USDA’s 2021/22 forecast in the annual Ag Outlook forum later this month. Brokers estimate funds sold some 6,000 contracts of corn today along with 5,000 contracts of soybeans. Funds are thought to have bought 6,500 contracts of wheat ahead of a weekend with poor weather for the U.S. winter wheat growing region. Bitter cold is forecast for the U.S. for the coming week that...
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.