World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy complex futures were mostly lower overnight as funds continued liquidating long positions and the latest weather forecast offered more moderate temperatures starting next week. Open interest figures reflected the liquidation with drops of 33,000 contracts for soybeans and 5,000 contracts for corn. The CBOT declined early in the morning with two-sided trade that offered little in terms of decisive direction. Futures firmed at midday, however, and most ag commodities closed in the green. A fresh round of mid-range weather forecasts (into July and August) that showed below-normal temperatures sparked the CBOT strength. The weather will make or break crops this year, and the market is watching the outlooks like a hawk. The summer...

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Summary of Futures

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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.

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