The CBOT turned sharply higher after the three-day weekend with wheat leading the way on a surge in buying interest. Paris wheat started the rally with contracts there rebounded from new contract lows, and that strength spilled over into CBOT and KCBT futures as well. While little clear motivation for the rally was available, value-buying and bottom-picking were major factors in the buying spree. The buying spilled over into soybeans and corn, with the latter market and soymeal seeing benefit from fresh export sales. After Friday’s CFTC report showed funds holding increasingly large short positions, Tuesday’s trade pared back that position somewhat and shows the market is vulnerable to additional short covering if fundamentals t...
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.