Weather remains the primary driver of the major CBOT markets and Friday’s shift in the forecasts to feature more Corn Belt rains in the next two weeks sent futures lower. Corn and soybeans were the downside leaders as a combination of improved weather forecasts, profit taking, and hedge selling pressured values. Funds led the charge lower, but WPI sources note that farmer selling has picked up substantially in the last few days as values have rallied. WPI hears that many producers didn’t have any grain sold earlier this month and were wondering how to make money amid forecasts of sub-$5 corn and sub-$11 soybeans. Now, producers are taking advantage of the rallies to market at least some of the crop that will be produced, leading...
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.