The CBOT was mixed on Monday with the soy complex trading sharply lower after Indonesia’s President clarified that the country’s palm oil export ban would only apply to refined, bleached, deodorized (RBD) palm olein, not crude palm oil (CPO). Indonesia exports primarily CPO, so its ban will not have the supply-tightening impact implied by Friday’s announcement. While the soy complex relaxed after Indonesia’s clarification, corn futures pushed higher on continued planting delays in the Midwest. Wheat was mixed while the cattle markets moved sharply lower after Friday’s surprisingly bearish Cattle on Feed report. The weekly Export Inspections report was neutral corn, wheat, and soybeans with corn and soybean ins...
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.