The CBOT ended the week on a down note with low trading volume. The soy complex recovered slightly around noon but finished the day lower with mild losses. Funds and speculative traders are paring back positions and trading volume with Europe on holiday Monday, 24 May and the U.S. celebrating its Memorial Day holiday Monday, 31 May. These holiday-shortened trading weeks increase risks over the non-tradable weekends, which will keep new position taking to a minimum. Funds are rumored to have bought some 5,000 contracts of soybeans today while remaining flat corn and wheat. This afternoon’s CFTC report showed, as expected, funds exiting their long positions in corn, the entire soy complex, and KCBT wheat. Commercials were net buyers on...
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.