The bullish November WASDE continued to support prices on Wednesday, with the CBOT opening higher on sustained buying interest. Soyoil was the upside leader for the day as a new contract high in Malaysian palm oil futures and the market’s own technical strength sparked more buying. The soyoil market kept soybeans firm even as corn traded a lackluster day and wheat broke lower through the afternoon. For corn and the soy complex, the trends are still higher with plenty of fundamental support. The markets are entering demand-rationing mode now, but buyers continue to increase pricing ideas. For wheat, bullish news is lessening and prices are starting to grind lower amid profit taking. Wednesday marked the fourth day of the Goldman roll a...
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.