The CBOT started the week on a strong note with continued drought forecast across South America offering support Sunday night. March soybeans ended the overnight session up 8¾ cents after trading as much as 22 cents higher while corn futures firmed 4¼ cents heading into the morning’s open. Even wheat got in on the bullish action with the KCBT market up 7¼ cents overnight. That enthusiasm waned for corn and wheat, however, and both markets settled lower. Technical selling was pronounced in corn as the market passed key support levels and triggered sell-stops in the process. Wheat futures were under bearish pressure but stopped shy of support near their mid-December lows, in a potential positive sign for bull...
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.