Grains were once again the upside leader at the CBOT on Wednesday with wheat following through on Tuesday’s reversal in KCBT futures and the large gains in the CBOT market. On Wednesday, however, the corn market joined in on the rally and the March contract posted a bullish reversal on its own chart after initially pushing to a new contract low. The strength in corn and wheat failed to excite the soy complex with soybeans suffering as the short leg of some bull corn or wheat spreading. Too, weaker soyoil and soymeal values helped pressure the soybean market, but futures managed to end largely unchanged for the day. Funds were noted net buyers in wheat and continue to pare back short bets there amid the ongoing rally and rumors of Chin...
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.