Fresh concerns about the global Omicron coronavirus variant sent energy and macro-markets sharply lower on Monday, and the “risk off” mentality carried over into CBOT trade as well. Corn and wheat both posted large losses near mid-day but rallied to settle with either minor losses or slight gains. The soy complex saw crude oil prices pressure soyoil while the U.S. lysine shortage continues to support soymeal and, in turn, soybeans. Aside from the influence of energy demand changes, the Omicron variant and any related lockdowns or slowdown in economic growth are unlikely to influence world ag commodities in a significant, long-term way. Consequently, WPI advises clients to view today’s market jitters as a one-off event and...
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.