Traders who weren’t sellers on Thursday quickly jumped on the bandwagon Friday. The CBOT opened lower overnight but mostly consolidated as traders tried to parse out fundamental grain/oilseed weakness from the recent combination of weak macro markets and technical selling. Any overnight strength quickly dissipated at the morning’s open, and the CBOT posted significant losses across all the major grain/oilseed markets (soymeal being the one exception). Corn and soybeans both took out major technical points, though December corn stopped short of violating major trendline support at $5.30. Wheat futures also abandoned their higher trend and settled 12-15 cents lower and below major support. Selling earlier this week was mostly dri...
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.