Trade at the CBOT was mostly a low-volume affair heading into the weekend and there was a growing sense that, except for wheat and cattle, most of the week’s activity had already been completed. The soy complex was mixed as soybeans and soymeal were mostly lower while soyoil rallied on technical trade. Corn was caught between this and a 13-cent rally in Chicago wheat, with the latter boosting corn to slight gains for the day. Perhaps the biggest surprise came from the livestock markets where cattle and hog futures rallied sharply on increasingly bullish sentiment and despite weaker trade in their respective cash markets. Grains and livestock should be set for higher trade next week while the soy complex is more likely to remain range-...
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.