The CBOT was mostly higher in pre-Christmas trade with soymeal once again leading the soy complex higher, though huge soyoil export sales supported that market. Corn and soybean futures both held onto yesterday’s technical gains, and the strong close on the weekly charts suggests next week’s trade is apt to continue to trend higher. Wheat futures were higher, though gains were mostly found in the KCBT market with new-crop CBOT wheat finding pressure from bear spreading. The weekly Export Sales report was bullish soybeans and neutral/bullish corn and wheat. Soybean sales and shipments once again exceeded their required weekly pace, as did corn and wheat sales. Exports of corn and wheat, however, fell short of their weekly...
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.