Tuesday’s CBOT trade was all about declining crop conditions and crop tour yield estimates. Both were supportive factors, which sent corn 4+ percent higher by the close and soybeans up nearly 2 percent by the day’s end. The ProFarmer tour finished up its assessment of corn yields in the western Corn Belt, notably South Dakota and Nebraska, where heat and dryness pared production potential significantly. That elicited a positive response from the corn market and funds jumped onto the long side of the trade. Soybeans lacked the same fundamental impetus but rallied on a hotter, drier forecast for the U.S. this week and next, along with persistent bull spreading and physical demand. Outside markets were mixed with U.S. stocks...
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.