The CBOT seems to be locked in a game of bearish limbo with markets battling to see which can bend itself beneath the lowest levels of technical support. Grains, oilseeds, and the entire livestock complex finished lower on Wednesday with soymeal being the only major ag market to see higher trade. Technical trade and fund positioning remain the primary drivers of the ongoing selloff. So much so that the day’s weakness in wheat occurred despite further reductions in Russian crop estimates. Similarly, corn futures are on the defensive despite ample talk of U.S. acres not getting seeded this year amid wet conditions. Markets are approaching key support levels, but similar technical features to date have failed to stop the current 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.