The CBOT marked another day of choppy, low-liquidity trading with old crop corn and wheat futures moving lower while soyoil and soybeans traded higher. New crop wheat posted 15-20 cent gains as traders are increasingly nervous about the risks (that WPI noted weeks ago) that the prolonged war in Ukraine will threaten the country’s winter wheat harvest. For the day, however, markets mostly marked time on their charts with limited follow through on rallies or breaks. For the day, funds were net sellers and shed 6,000 contracts of wheat, 14,000 contracts of corn, and 7,000 contracts of soymeal. Funds did, however, add 6,000 contracts of soyoil longs and bought 5,000 contracts of soybeans. WPI notes that one dynamic making th...
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.