The CBOT was firmer heading into tomorrow’s much-anticipated WASDE report, but the major commodities held to their recent trading ranges. The soy complex was higher with support coming from rising palm oil futures and continued Chinese purchases of U.S. soybeans. Traders edged toward the long side of the corn market and reversed bull soy/corn and wheat/corn spreads that were popular this past week. Funds were net buyers in corn, soybeans, and soyoil, while remaining flat wheat and selling soymeal. Palm oil futures were sharply higher overnight on bullish data from the Malaysian Palm Oil Council. The council reported July palm oil production fell 5 percent from June and 15 percent from July 2020. Similarly, palm oil stocks were...
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.