The CBOT was almost uniformly lower on Wednesday with pressure building from increasingly challenging shipping logistics around the world. The situation in the Panama Canal is well known but recent escalations in Middle East tensions and re-routing of ships around the Red Sea are causing more headaches, as is the U.S. Customs’ recent closure of two rail bridges between the U.S. and Mexico. With U.S. grain balance sheets amply supplied and shipping constraints restricting demand, the CBOT turned lower with wheat leading the day and corn forging new contract lows. Funds were net sellers for the day amid the fundamental and technical weakness, as well as the desire to reduce risk heading into the holiday weekend. WPI looks for markets to...
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.