The wheat market was the surprising upside leader for the day with Matif Paris futures posting large gains after sources said the EU Commission is considering applying a €95/MT tariff on Russian wheat imports. That strength spilled over into the U.S. markets, though U.S. wheat exports are unlikely to be significantly affected by the tariffs. Soybeans pushed lower as funds regained the upper hand selling short the commodity and corn was caught between the influences of wheat and soybeans. Fundamental news remains light for the major ag commodities, which is keeping trade somewhat range-bound as traders adjust positions ahead of next week’s Grain Stocks and Planting Intentions reports from USDA. The Financial Times reports t...
What You Need to Know Today: Corn, wheat, and the soy complex all formed new contract or at least rally highs to close what has become one of the most uniformly bullish weeks in CBOT history. Escalations in the fighting between Russia and Ukraine and attacks on civilian merchant vessels show n...
The Federal Reserve Board holds an annual meeting in Jackson Hole, Wyoming, each year about this time, and this year’s meeting is now. It’s always a “must-watch” event, but this year, amidst persistent inflation and with a new Fed chairman, Kevin Warsh, it drew additiona...
You cannot escape the vortex of opinions about water scarcity in the Western United States, especially in the drought-stricken Colorado River Basin. Agriculture is the villain in many of these editorials. Agriculture uses too much water, so it should use less, is the refrain. We all wish it was...
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.