World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading volume improved, but price movement was limited. Corn and wheat were lower, while soybeans firmed by a few cents ahead of the trading recess. Yesterday’s changes in open interest showed increases of 22,141 contracts of corn, 16,889 soybean contracts and 7,789 contracts of Chicago wheat. These appear to reflect new short selling by funds, which are amassing major short positions pretty much across the board. They remain long soyoil but are expanding short positions in everything else. We should note that these short positions are the opposite of seasonal trends that have grain and soy markets making gains during March. Losses for corn and wheat futures accelerated during the day session with both Chicago and KC May o...

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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.

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