The CBOT traded a mixed day with weekend rains in South America creating pronounced risk-off selling in soybean futures. The market will have to see how long the rain-induced selloff will last, however, as the coming forecast is quite different than the past weekend’s good conditions. Soy weakness pulled corn lower though the latter market held its strength near recent technical resistance. Wheat futures rebounded with mild technical support coming from Friday’s apparent market reversal. Funds were modest net buyers in wheat but sold some 8,000 contracts in corn and 15,000 contracts in soybeans. Funds were also notable net sellers in soyoil as chart conditions continue to breakdown for that commodity. Weekend rains over A...
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.