The CBOT saw pressure for the second straight day with a four-day rebound in the U.S. dollar working against grain values. While the rising greenback pressured all markets, wheat was the only major ag market to end lower as the stronger currency highlights the export threat from Russia. Corn and soybeans managed to shake off the stronger currency and Tuesday’s plunges to new lows with support coming from a sharply higher crude oil market. Even so, corn and the soy complex could only manage small gains as pressure from favorable weather in Brazil and Argentina continues to build. Funds were net sellers in wheat for the day but were essentially flat other markets and content to hang on to large short positions. U.S. stocks contin...
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.