The CBOT traded a mixed day with wheat and corn futures posting losses on moderate fund selling and buyers’ more cautious approach amid increased volatility. The soy complex, however, posted another day of strong gains with soyoil becoming the upside leader on a technically bullish day. Soybeans pushed higher but the March contract could not overcome resistance at $14.00. Soybeans are likely to turn sideways as traders evaluate the yield-depressing effects of drought in Argentina and southern Brazil as well as floods and delayed soybean harvests in northern Brazil. Moreover, many are wondering whether the $14.00 level will start to ration soybean demand. Today’s news that U.S. exporters sold soybeans for CY 2022/23 &ndash...
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.