Corn and wheat futures posted a “Turnaround Tuesday” with Monday’s selloff yielding higher prices on a combination of profit taking and short-covering. The soy complex attempted the same but could not hold gains as showers fell across Argentina again and are forecast to continue Wednesday through the weekend. There was little fresh news available for markets and much of Tuesday’s price action was technically driven. Amid the lack of fresh news, the South American weather and export trends and offer prices from major exporters have an outsized impact on futures. Funds were net buyers in corn and wheat and extended their corn longs by some 6,000 contracts while mostly covering some 5,000 contracts of wheat futures. Fun...
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.