Corn was steady, soybeans were higher, and wheat was lower overnight in light trading volume. Everything was then lower after the first hour of the day session. The U.S. and China are reportedly close to reaching agreement on at least the initial phases of a trade deal, and there might be a signing ceremony of some sort within two or three weeks. None of the positive trade talk has prevented the funds from increasing their short positions in wheat, corn and soybeans. Now estimated to be short 70,000 contracts of Chicago wheat, 104,000 contracts of corn and 42,000 contracts of soybeans, they appeared to be adding to those positions through at least the noon hour today. There were no export sales announcements from USDA today. U.S. equity m...
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.