The CBOT was mostly quiet heading into two of the biggest reports of the year – the 1 March Grain Stocks report and the Prospective Planting report. The gist of the reports was that they were bearish corn with larger than expected acreage, bullish soybeans with smaller-than-expected stocks and acreage, and neutral wheat with stocks and acres (except for spring wheat) largely in-line with expectations. The reports sparked a strong rally in the soy complex and sent soybeans 30+ cents higher, and that rally spilled over and helped old crop corn futures push higher as well. Wheat futures were mixed and mostly continue to trade their individual weather patterns, which means bearish SRW futures and bullish the HRW market. Minneapolis spring...
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.