CBOT futures saw mixed trade Tuesday with summer row crops pulling back amid a favorable Midwest weather forecast while wheat turned higher on slow sales from Russia. Corn and soybeans saw weaker trade develop overnight after the Crop Conditions report was positive and the weather forecasts continued to show positive patterns for the Midwest. That weakness continued into the day session and resulted in corn giving back about half its recent gains. Wheat futures managed to push higher on concerns about the slow pace of Russian farmer selling and export shipments, though there were hints of bullish commercial activity as well. Livestock futures were firmer as well but held a mixed tone for the day as traders question the market’s next m...
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.