The CBOT opened sharply weaker on Sunday night, but that weakness attracted bottom-picking and end-user buying that turned markets around. In total, the CBOT posted a constructive day on the charts with corn and wheat posting notable turnarounds. Monday’s strength will help solidify range-bound trading heading into Thursday’s December WASDE report from the USDA. The weekly Export Inspections report issued a bullish surprise for soybean inspections, which were only down 5 percent from the prior week, well above expectations. Corn and wheat inspections were neutral with corn shipments falling below what was needed to keep pace with USDA’s forecast while wheat shipments exceeded their requirement by 1 Mbu. Soybean ship...
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.