World Perspectives
feed-grains soy-oilseeds wheat

PM Post - Everyone Out

THE OPEN:

July beans: 8 higher July meal: 1.40 lower July soyoil: 75 higher July corn: 3 1/2 lower July wheat: 2 higher

The markets opened as called but the soyoil rally continued, putting a floor under bean trade in the first part of the session. The feature of the morning was that of higher oilshare as traders bought soyoil/sold meal while beans gained on grains. What started as a modest day of losses for corn turned into deeper ones, as funds decided to exit more length for the market before Memorial Day, as good rains now look to continue. Position squaring triggered sell stops and trade into lower prices. The size of the break was a surprise to traders but negative technicals are now a dominating feature.  SOY The feat...

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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.

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