The CBOT turned lower this morning after China confirmed that it would not roll back tariffs on soybeans like it said it will for other products. That news, combined with an Argentina-China trade agreement (more details in the Soybean section of this report), pressured soybeans and soymeal and generally put traders in a selling mood. Funds are rumored to have sold most of what they purchased yesterday, though buying interest was notable as prices moved towards support levels. Corn, wheat, and soybeans all finished the day in the red with notable buy corn/sell wheat and buy soyoil/sell soymeal spread trading. Weather patterns remain favorable for U.S. crops (bearish prices) but somewhat worrisome (bullish prices) for South America. U...
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.