Tuesday’s market collapse found profit taking and some fresh commercial and long buying interest that pushed futures higher. The corn market saw the most impressive rally with an early selloff below psychological support finding strong buying interest that created a bullish reversal on the charts. Wheat futures turned higher as well, with the U.S. dollar’s lower day offering support, but did not post an especially bullish day on the charts. Soybeans were pulled higher by the strength in corn and, to a lesser extent, wheat, but posted a technically benign day on the charts. Fundamentally, there was no great shift in the outlook for these commodities on Wednesday. Rather, there was a strong sense that funds were overextende...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.