The CBOT started the holiday-shortened trading week with an old fashion hard open on Tuesday morning with no overnight trade to guide initial investment. That meant markets were slammed by sell orders stemming from weekend rains in Brazil and forecasts for more over the coming weeks. Soybeans gapped lower to start the morning and the entire CBOT grain complex was quickly on the defensive. Corn, wheat, soybeans, and soymeal all settled lower to start the year with traders failing to leave 2023’s bearish sentiment in the past. Cattle futures posted strong rallies for the day, however, as traders expanded portfolios after two weeks of holiday-doldrum trade. Funds were active net sellers in the grain and hog markets for the day, but they...
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.