The CBOT ended lower Wednesday as profit taking and risk-off trade occurred ahead of next week’s WASDE report. World ag markets were overbought after months of rallies and needed to “cool off”. December Paris milling wheat futures were down €3/MT today and pulled back from yesterday’s lifetime high while EU rapeseed futures were down €3.75/MT after posting a new contract high yesterday. Funds were modest net sellers for the day, largely evening positions and maintaining their growing long positions in ag commodities. U.S. farmers declined to make significant sales Wednesday after aggressively marketing new crop supplies Monday and early Tuesday. The U.S. Federal Reserve announced today that it will s...
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.