The CBOT was mostly higher to end the WASDE week and the report’s influence on the markets now looks like a temporary blip amid a mostly higher trend. Corn futures were higher for the second day and completely erased the losses created by the July WADSE while wheat rallied as well, and soybeans firmed slightly. The biggest reason for the late-week bullish action is simple doubt that USDA’s yield forecasts can be obtained with the Midwest drought continuing and weather forecasts worsening. Traders are adding back on a bit of a “weather premium” to corn and soybeans but gains in the corn market are being tempered by the 94.1-million acre planted are forecast. Too, grain markets are reacting to the likely possibility th...
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.