The CBOT started higher overnight with Argentine dryness supporting trade. The day session saw prices try to continue the rally, only to run into heavy fund liquidation and short selling pressure. Large deliveries against KC wheat futures pressured the wheat market and pulled corn lower as well. Trade became more technical as the day went on, with sell-stops being triggered as the market passed key support levels. Despite Monday’s weak trade, most markets are nestled near support levels, which may bring stability to this week’s trade. Funds are thought to have sold 15,000 contracts of corn today, along with 8,000 contracts of wheat, and 5,000 contracts of soybeans. The CBOT recorded heavy deliveries against the March KC w...
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.