Despite bearish supply and demand outlooks coupled with the ongoing selloff in global equity markets, the CBOT’s major grain and oilseed markets turned higher to start the week. Corn, wheat, soybeans, and soymeal all scored meaningful gains and – in the case of corn and wheat – overcame deeply weaker starts to find green at the day’s end. Fresh news was somewhat limited but the sharp decline in the U.S. dollar helped, as did a hot, mostly dry weekend for the western Corn Belt that caused some concern for crop ratings. Too, short position liquidation amid the market volatility played a role pushing futures higher. To WPI, the day’s trade had the feeling that some near-term strength might be getting ready to ente...
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
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.