The CBOT ended the U.S. Thanksgiving holiday week higher as strong export sales news, a weaker U.S. dollar, and continued dry weather in South America were supportive. Malaysian palm oil futures rallied sharply overnight, which aided CBOT soyoil in heading higher on Friday, thereby supporting soybeans and soymeal as well. Corn futures neared contract highs on a combination of daily export sales news strength and spillover buying from soybeans and wheat. Wheat futures found positive news in Egypt’s purchases of Russian wheat at prices that are reportedly still very strong. Overall, funds were modest net buyers in corn, wheat, soybean, and soyoil while being slight net sellers of soymeal. The U.S. weather forecast for the coming week h...
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.