The CBOT was higher to start the day after Russia attacked more Ukrainian export and grain infrastructure in Odesa and the country’s Danube River ports. That rally was extended during the day session as the blistering hot weather over the U.S. Midwest prompted traders to add back weather premia to corn and soybean prices. Wheat futures followed along but lacked much of a fundamental story themselves, except, of course, for the tensions in the Black Sea. Funds were net buyers across the major ag markets but remain cautious exiting profitable shorts in the wheat and corn markets. The Pro Farmer crop tour pegged the Indiana corn yield at 180.89 BPA, below the USDA’s August forecast of 195 BPA and above last year’s tour...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
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.