Commodity futures trading had a modest day and a modest week, but things will pick up with Tuesday’s USDA December WASDE report. Notable metrics include: Soybean meal hit a new contract low at 285.6/ST. Beef, feeders, and soymeal all closed lower today. All three wheats ended the week higher despite being relatively high priced on the world stage. 12062024MC_weekchange.png 21.96 KBThe market will receive more influential input on Tuesday when USDA releases its December WASDE report. Higher volumes can be expected. The trade expects USDA in its December WASDE to slightly reduce U.S. corn ending stocks based on MY to date exports and ethanol grind. It expects both soybean and wheat ending stocks to be fractionally raised. 12062024MC...
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.