The CBOT settled higher ahead of the December WASDE with soybeans emerging as the early upside leader. Wheat futures posted strong gains for the day as well, with technical buying supporting afternoon trade. Corn futures were higher, but mostly due to spread dynamics and general support from soybeans and wheat. Market rumors suggest that China is actively buying a myriad of U.S. ag and food products, from meat to baby formula, etc., to meet its Phase One purchase commitments (or at least get closer to meeting them). China was rumored to have also booked corn from the PNW for May shipment and Hong Kong wheat millers are asking for February/March wheat offers. So far, no rumors have been confirmed but smaller sales may show up in tomorrow&rs...
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.