Bears were once again in charge of the CBOT on Wednesday, though they temporarily relinquished control of the corn market to bulls. Funds were aggressive sellers again in soybeans, soymeal, and wheat futures amid bearish fundamentals for each of the commodities and pushed wheat to a new contract low for the day. Soybeans managed to avoid that same fate but still posted a bearish day on the chart after pushing to a new selloff low. The only area where bulls managed to exert significant influence was in corn, thanks to another large “flash” sale to Mexico and commercial buying. Even with the day’s upward move, corn futures appear at best relegated to sideways trade heading into the holiday period. Weather Updates ...
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.