There were more modest volumes trading in today’s session, perhaps reflecting growing resilience and circumspection about geopolitical uncertainties. The trade has had an ample opportunity to react to the modest changes in USDA’s March WASDE report, and there is still plenty of expectation that a Trump-Xi meeting later this month will result in more Chinese soybean purchases. Soybeans continue to support the broader market. Energy prices are now the primary driver of commodity markets, and they will get whipsawed some more as G7 leaders discuss today the release of oil from reserve stocks. The International Energy Agency has recommended the largest oil release in history at 400 million barrels from reserve, an amount surpa...
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...
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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