The CBOT opened lower, as called, but found some late-day strength, led largely by cash buying interest in soymeal futures. Soymeal futures have been weakening technically for two weeks now and this week saw a pronounced breakdown in the charts with May futures crossing below major support levels. That, in turn, sparked buying interest in the cash market that helped the market firm. The soymeal rally spilled over into soybeans and helped that market firm heading into the close as well. Corn was weak in early trade, but uncertainty regarding the Brazilian crop combined with bull corn/soybean spreads helped pull the market to a fractionally higher close. Funds are thought to have sold some 6,000 contracts of corn,15,000 contracts of so...
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.