World Perspectives
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Market Commentary: Livestock Futures Can’t Stop, Won’t Stop; Grains Chop Sideways

Cattle and hog futures are lodged in massive bullish uptrends that seem to have no end in sight. All three major livestock contracts posted fresh contract highs this afternoon with open interest and trading volume rising as well. In contrast, the grain markets chopped sideways with the day’s largest gains coming from wheat. Dry conditions in the U.S. Plains are threatening the HRW crop and a historically tight wheat-corn spread is adding to wheat’s bullish outlook. Corn futures chopped higher on Wednesday while the soy complex reversed course and ended lower, mostly due to soyoil weakness. Funds are thought to have bought 8,000 contracts of corn and 6,000 contracts of wheat while selling 5,000 contracts of soybeans and 6,000 con...

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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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