The CBOT started the day higher with corn and the soy complex leading the way after “buy on the bounce” and “risk on” trade developed overnight and in the early morning. Confirmation from the EU that Omicron coronavirus cases present with relatively mild symptoms and a lower mortality risk encouraged markets as economic lockdowns may not be as likely as thought yesterday. That view changed at mid-day, however, as the U.S. confirmed its first Omicron variant case in California. Futures pared losses and KCBT wheat and soyoil headed lower following the news. Notably, fresh technical developments were light on Wednesday with most commodity markets trading inside days on their respective charts. Today was not a “rec...
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.