World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Bulls Don’t Dare Challenge CBOT Bears

Bears once again dominated trade at the CBOT on Wednesday with a favorable U.S. weather forecast and somewhat surprisingly cheap wheat from Russia proving the impetus for the day’s selling. The soy complex saw perhaps the most dramatic and persistent declines for the day, with a combination of export competition from South America, “sell the fact” trade regarding Indonesia and China’s trade kerfuffle, and biofuel disappointing driving the day’s declines. Wheat pushed lower on expectations of a larger U.S. crop forecast in Friday’s WASDE and from quotes of inexpensive Russian wheat. Corn saw perhaps the most stability for the day, but new crop futures still scored a few cents decline with March and May hit...

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livestock

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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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