Note: The CBOT/CME markets are closed Monday, 5 July 2021 for the U.S. Independence Day holiday. CBOT trade was expectedly quiet heading into the long U.S. holiday weekend and ended mixed for the day. Corn settled lower with profit taking and more renewable fuels policy drama while soybeans settled higher with strength from new contract highs in canola oil. Wheat futures finally seemed to decouple from the corn market and trade their own fundamentals, which meant lower trade to end the week. The D.C. District Court overturned a Trump-era rule that allowed E15 gasoline sales year-round in the U.S. The ruling is bearish ethanol consumption and corn use by the industry and revives concerns the refining industry is renewing effort...
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.