The massive rally in energy markets remains the primary story underpinning ag markets. Front-month crude oil futures ripped higher overnight and traded above $100/brl for the first time since July 2022 before scoring an overnight high just shy of $120/brl. That strength pulled ag markets – including wheat, corn, and the entire soy complex, especially soyoil – to fresh rally highs overnight before more bearish sentiments settled in. For the oil market, pressure began in earnest after the G7 countries indicated a willingness to use strategic oil reserves to temper price gains, which triggered profit taking and long liquidation. That quickly spilled over into the grain markets and left the CBOT in the red for the day. The day...
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.