The CBOT opened on a firm note with funds covering part of their short positions ahead of the May WASDE. Cold weather forecast for most of the Midwest and eastern U.S. over the weekend also put a bid under the market, though gains were limited in corn and wheat. Rumors of Chinese soybean purchases/buying interest pushed the soy complex higher, along with technically driven buying. Overall, CBOT trading volumes were muted as traders focus on adjusting positions ahead of the WASDE. Deliveries against May grain futures remain surprisingly light with no receipts tendered for corn, soybeans, or wheat after yesterday’s close. May soyoil futures saw 56 deliveries as basis for that commodity remains strong. The lack of deliveries helpe...
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.