The CBOT was mixed to end the week with scant, fresh fundamental news leading to more technically-oriented trade over the past few weeks. Wheat futures were the downside leader as deteriorating chart conditions and China’s recent cancellations of U.S. SRW export bookings weighed on traders’ sentiment. Funds also continue to sell into their already large short position in wheat, which is further pressuring futures. Corn found light support to close the week with hot, dry weather forecast for Brazil next week offsetting weaker technical conditions. The soy complex led the CBOT’s upside trade with soyoil rallying sharply in response to new contract highs in Malaysian palm oil futures. Soybeans pushed into the green as well, o...
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.