Despite Friday’s bullish, post-WASDE turnaround, the CBOT posted steep losses on Monday with corn and soybeans leading the way. Ag futures markets were largely under pressure from favorable U.S. weather over the weekend and China’s poor economic data. Corn and wheat recovered some of their losses heading into the close, but soybeans and the broader soy complex struggled to find much support. Funds were net sellers for the day, but the low-volume nature of Monday’s trade suggests they have still expanded their net long in corn and soybeans after Friday’s buying. The weekly Export Inspections report was bearish all three commodities, with inspections falling from the prior week and missing their target volumes...
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.