CBOT markets traded higher overnight heading into the U.S. Thanksgiving holiday with soymeal posting new contract highs in the process. The day session, however, saw profit taking develop once again and selling pressure accelerated in wheat throughout the day. Soyoil and the livestock contracts were the only major CBOT/CME ag markets to finish higher for the day. The weaker finish for corn and soybeans even came on the heels of overnight rumors that China booked U.S. and Brazilian soybeans on yesterday’s price break. USDA did not report any daily export sales news, which dampened CBOT spirits somewhat. The weather forecast for Brazil remains unrelentingly hot and dry into early December. The exception is Rio Grande do Sul which...
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.