The CBOT was mixed on Wednesday with corn futures rising and hitting their third straight daily gain while wheat futures pulled back amid weaker global markets. The soy complex was caught somewhere in the middle with less-ideal weather for South America offering support while the large crop expectations from the region offered conflicting pressure. Funds were net buyers in corn and covered 3-4 thousand contracts and bought about half that much in soybeans. Except for corn, this week’s general theme of consolidation continued with markets increasingly subject to choppy, mostly sideways trade. Outside markets were mostly lower for the day, except for the U.S. dollar whose rally pressured grain futures, with investors becoming cau...
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.