The CBOT declined broadly on Tuesday as fund liquidation and weak chart conditions won out against end user pricing/importer buying. Funds were net sellers across the board with noted position liquidation developing ahead of Thursday’s WASDE report. The Goldman roll finished its second day and that continues to drive spread trade in the soy complex. Minor rallies attracted fund selling and new shorts are being initiated at current tops. U.S. farmers have become more pronounced sellers this week, especially in soybeans, and are thought to have sold 60-65 percent of the U.S. corn crop. USDA did not announce any daily “flash” export sales today, and the lack of export business confirmation is weighing on markets. The S...
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.