The CBOT was mostly higher on Wednesday, led by rallies in corn and wheat that broke their Friday (post-WASDE) highs. Milling wheat stocks are tightening around the world, fueling the rally, and little cash selling in the U.S. has allowed corn to rally easily. Soybeans were mixed but slightly higher as bearish fundamental news mixed with spillover buying from the grain markets. Higher crude oil futures helped buoy ag markets as well. Funds are thought to have secured 15,000 contracts of corn futures and 8,000 contracts of wheat along with 6,000 contracts of soybeans. A major theme of today’s trade was higher crude oil offering support to outside markets, including the CBOT. Crude oil rallied and traded over a short-term trendli...
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.