The CBOT started the overnight session on a strong note with solid volume and most markets heading into the green. Fresh fundamental news was light and it seems most of the day’s trade was due to short covering, spillover support from the vegoil and crude oil markets, and light commercial/end-user buying. Funds were net buyers for the day and continued to cover corn and wheat shorts while remaining relatively flat the soy complex. Cattle futures sank for another day amid the worries about how the discovery of bird flu in cattle could impact beef demand while the hog market rallied with another day of higher trade in the cash markets. WPI notes that macroeconomic markets and geopolitical conditions are increasingly volatile, which will...
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.