Yesterday’s firmer market did not have the legs to carry over into the night session. Grain and soybean values turned lower in overnight trade with corn futures down a fraction, soybeans off 1-2 cents and Chicago wheat down about 4 cents. Trading volume was again quite low. The price weakness accelerated during the day session with technical weakness again attracting modest fund selling. The result found all grain and soy complex futures contracts closing with red numbers. Old crop corn futures ended down more than 3 cents with new crop contracts showing slightly smaller losses. Soybeans took heavier losses of 11.5-12.0 cents. Meal closed down $3.70-3.90, while soyoil dropped 22-25 points. Yesterday’s wheat rally had a short li...
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.