The CBOT was steady heading into Wednesday’s WASDE report from the USDA and largely remained so after the report’s release. Corn and soybeans saw few changes to the key balance sheets (the U.S., South America, and the world) and so traded mostly sideways with somewhat lackluster volume. Wheat was the big mover of the day with 10-17-cent declines developing after USDA’s world balance sheet revisions were less bullish than hoped. Funds and commercial buying were relatively calm throughout the afternoon, but managed money traders were noted net sellers in wheat futures. The lack of clear bullishness for the wheat outlook means funds will likely return to selling that commodity given the technical momentum and profitability of...
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.