The CBOT largely continued Friday’s Russia-induced rally with help from another weekend of terrible weather for crops in Argentina. Soybeans and soymeal started out strong Sunday night and pushed higher with corn and wheat in tow. That dynamic changed through the day session, however, as the soybean rally faded and corn and wheat futures pushed higher. Wheat futures continue to see support from short-covering and talk about a smaller global wheat crop in 2023 (thanks largely to Russian production). Even livestock futures got in on the rally with cattle and hog markets posting strong gains. The CFTC’s data release is still delayed but speculation is that funds are now even wheat futures or slightly long and are continuing to enla...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
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...
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.