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Market Commentary: CBOT Falls on Profit Taking, Weak Palm Oil; South American Dryness Returns this Week

The CBOT settled lower under a mix of profit taking and position liquidation after a weekend of mostly favorable weather across South America. Funds were heavy sellers in corn and soybeans, selling some 15,000 and 20,000 contracts, respectively, in each market. The CBOT tends to weaken in the spring and traders are looking to use that pattern to book profits and re-adjust portfolios while awaiting yield data from South America. This is most likely merely a pause in the bull market, not an end to it, as demand-side factors remain staunchly supportive.  The weekly Export Inspections report was bullish soybeans with shipments rising 11 percent from the prior week and exceeding their needed volume by 3.5 times. The soybean shipment figure...

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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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