The CBOT wasn’t expecting much from the December WASDE report and USDA delivered fully on those expectations. The headline numbers were the increase of corn exports to a record-breaking 3.2 Bbu and a commensurate reduction in ending stocks. Soybeans and wheat were left out of the balance sheet revision party, and their demand outlooks were unchanged. This dynamic in the balance sheet revisions left traders to boost corn values modestly while keeping wheat steady. Soybeans saw the resumption of their selloff and followed the downtrend already in place. Another day of no China export sales reports helped add to the bearish soybean mentality. Outside Markets U.S. stocks were lower on Tuesday with a sharp decline in JPMorgan C...
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.