CBOT futures were mostly lower on Wednesday with a more favorable U.S. weather forecast once again taking away the need for a weather/yield premium in prices. Wheat futures pushed to new highs only to find a stack of profit-taking and position liquidation sell orders that pushed markets to a much weaker close. Soybeans and soymeal found support from a weaker soyoil market with traders exiting soyoil and reversing long soyoil/short soybeans or meal spreads. Corn was mostly along for the ride this afternoon with pressure coming from pre-WASDE position-evening and the improved U.S. weather forecast. Both the GFS Ensemble and the EU weather models are calling for more moderate temperatures across the U.S. this week with above-average rai...
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.