The CBOT was generally weaker to start the week with heavy overnight trade pushing wheat and soybeans higher while corn was lower. Today was the last trading day before first notice day on the 30 November and traders were actively exiting December positions. Given the general length in the CBOT, that led to pressure on spot futures, though spreads were surprisingly firm through the day. Grains and oilseeds ended lower, however, as a stronger U.S. dollar and concerns about energy demand and pricing led to weak buying interest across commodity markets. Concerns about the Omicron COVID-19 variant persist but the messaging is now mixed, versus Friday’s bearish-only news. South African authorities are noting the Omicron variant pres...
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.