The CBOT was mostly lower on Thursday as traders took a day to pause and reassess positions and the grain market outlook with just one day of trade left before the weekend. Too, the September WASDE is looming next week and traders are positioning and adjusting expectations in advance of that report. This all meant that wheat and corn futures drifted lower in quiet trade for the day as the immediate surge of profit taking subsided. Soybeans and soymeal were down sharply in early trade, but gradually pared back those losses such that the former market settled a few cents higher for the day. Soyoil turned higher as well after it bounced off technical and psychological support levels with a rebound in Malaysian palm oil and steady crude oil fut...
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.