The CBOT traded an odd day on Friday with wheat futures selling off sharply despite private estimates of a Kansas HRW crop nearly 10 Mbu below USDA’s estimate. Even so, fund liquidation and profit taking was the theme of the day and wheat ended 30-40 cents lower. The corn market traded sideways, caught between the wheat selloff and a soymeal-driven rally in soybeans. Trading volume was quiet across the board as few seemed interesting in absorbing additional risk heading into the weekend. Looking forward, WPI remains bullish world grain and oilseed markets heading into 2023. Food security issues are just now becoming significant, and they will only get worse. Gro Intelligence’s CEO recently said that the world is facing a...
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.