CBOT and KCBT wheat led the way lower on Wednesday with heavy “risk off” and liquidation trade pushing the markets to 25-30 cent/bushel losses. The weakness in wheat futures pulled corn lower, with resistance again forming above the $5.94 level. The soy complex was active and interesting as both soyoil and soymeal posted strong technical reversals on their charts. Funds are thought to have sold some 20,000 contracts of wheat, 8,000 contracts of corn, and 4,000-5,000 contracts of soybeans. In soy products, they bought 5,000 contracts of soyoil and sold 3,000 contracts of soymeal. U.S. consumer spending ticked fractionally higher in November, due largely to higher food service spending. Total food service spending exceeded...
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.