The CBOT was mixed on Tuesday with corn and the soy complex finding pressure after Monday’s Crop Progress report reflected better-than-expected planting progress. That reduced concerns about late plantings negatively impacting yields or, for soybeans, unplanted corn acres being switched to the oilseed. Wheat, in contrast, continued its rally after the Russian 2024 wheat crop was revised lower once again. The weather and production issues in the world’s largest wheat exporter are tightening the world wheat balance sheet and futures are highly sensitive to headlines right now. Funds were net buyers in wheat futures again and expanded longs there by 6-7,000 contracts while being slight net sellers in corn and the soy complex. The o...
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.