The CBOT was mixed to start the last full trading week of 2023 with the soy complex rallying on the heels of last week’s NOPA crush report. The report featured the second-largest U.S. soybean crush in history, which helped push the soy complex higher for the day. Exports were a weight on the grain markets, however, with corn and wheat futures turning lower with little fresh news or bullish developments. News that Russia filled the majority of Saudi Arabia’s latest international tender (for about 1.3 MMT) pressured global wheat futures as it reasserts the country’s dominance on the world market and underscores the competition other exporters face. Funds were net sellers in corn and wheat for the day while being cautious net...
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.