The CBOT was almost strictly lower to start the new month with corn and soybeans leading the way on expectations (that were proved correct) of strong planting progress last week. Wheat futures tried to rally in early trade, but the corn and soy complex weakness pulled that market lower with additional help from long liquidation and short-selling trade. There are still problem areas in the world for the 2024 crop outlook, but the bullish headlines are fading quickly, which means that funds are baring back long bets and booking profits. Last week’s CFTC report showed funds re-emerging as a bearish force for the markets and that trend looks to be continuing this week. Unless the weather forecasts turn much more challenging for the Northe...
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.