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feed-grains soy-oilseeds wheat

Market Commentary

Spread trade was the biggest feature of the day with traders rolling out of December contracts and into deferred contracts. December options expired this afternoon and there was a solid round of positioning/rolling contracts around that fact. Wheat futures were higher with no deliveries yet registered against the December contracts, highlighting the tight supply situation for SRW wheat.  Funds were net sellers of corn, soybeans and wheat through Tuesday, per the CFTC’s latest report. Managed money traders are still slightly long soybeans (though that has likely been reversed by today’s trade) and are simply piling on the corn shorts. Trading in wheat was more muted with funds modest sellers amid better commercial HRW purch...

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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.

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