The CBOT saw somewhat volatile trade following the January WASDE but strength was noted in soybeans, corn, and KCBT wheat. The futures market did not post any particularly large rallies on Friday, indicating Thursday’s trade was mostly sufficient to “price in” the new information from USDA’s reports. Another weekend forecast of hot, dry weather for Argentina, however, is keeping upward pressure on the markets with the country’s corn and soybean crops likely to be revised lower still in coming reports. The biggest takeaways from the WASDE are that stocks and production are generally smaller than expected, and markets are now having to readjust to this mentality. Just how bullish the fundamental are remains a jud...
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.