The CBOT was mostly red on Tuesday as wheat reversed its direction from Monday and posted 6-9 cent losses. Corn was stronger initially but was pulled lower by wheat weakness while soybeans traded mostly steady for the morning before weakness entered the market around noon. Funds were casual sellers of soybeans, liquidating some 3,000 contracts, while managed money shed 8,000-9,000 contracts of wheat and a similar volume in corn. While dry weekend weather and concerns about lower crop conditions ratings fueled yesterday’s rally, the actual report data and Pro Farmer yield tour figures were far friendlier. Traders had expected up to a 5 percent decline in yesterday’s corn conditions ratings, but the good/excellent rating fe...
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.