The CBOT was mostly red again on Wednesday with favorable rains in the Southern Plains pressuring wheat futures, which broke below technical support zones again today. Corn and soybeans were mostly lower as well, though the soybean market is starting to show some signs of stabilizing, as pressure from Brazil’s massive crops continues. Funds were net sellers again for the day and continue to pile into their massive short positions in wheat while steadily liquidating length from corn and the soy complex. There is little fresh news available presently, which means favorable Midwest weather and planting progress and a lack of daily export sales announcements are weighing on markets. Wednesday’s Statistics Canada report estimated 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.