The CBOT turned higher on Tuesday with wheat leading the way. Wheat turned higher overnight and started the broader CBOT rally as traders are increasingly concerned about the Black Sea weather, and, to a lesser extent, the EU and U.S. forecasts as well. Too, wheat saw more action as it is where funds are currently heavily short and where they are really hoping momentum will increase in the short term. The strength in wheat helped pull corn higher for the day as well, and Monday’s strong export data from USDA didn’t hurt the corn market either. The entire soy complex turned higher on short covering and some bottom-picking in soymeal and with funds reluctant to be bearish the market with a possible extension of the 45Z tax credit...
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.