The CBOT started the day lower with continued fund liquidation in the major ag commodities. End-users, however, stepped up and offered support at key technical levels, which allowed the markets to firm and rally into the close. Soybeans were the upside leader for the day, buoyed by new contract highs in soymeal. Cash DDGS and soymeal prices are strongly higher this week as buyers give in and accept higher asking prices. That, in turn, is supporting CBOT soymeal trade and the rest of the soy complex too. Bull spreading was a feature of today’s trade with China’s purchase of 0.68 MMT of corn supporting the market. Sellers are content to let the market rally and hedge selling has been undeniably light so far this year. The U...
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.