There was direction in the market today, but some of it was a little surprising. There was some higher volume but only in soyoil and live cattle. To call corn sideways is an understatement. It traded a penny/penny and a half lower all session until the very end when it closed up a half-cent. Otherwise, the market seemed to totally ignore various trade estimates predicting lower crop output numbers by USDA next week. The market could not have found much bearish in the weather situation. There is a late season break in the heat and some moisture as well but for the west and south, but it is also now time to prep for harvest. Maturity has arrived early for heat trodden crops and lighter corn test weights are expected. In fact, an overal...
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.