The war in Ukraine continues to be a major influence for the CBOT trade with Russia’s overnight claims it shot down two Ukrainian drones near the Kremlin offering support for ag futures on Wednesday. Russia has described the event as a foiled assassination attempt on President Putin but there is no clear evidence or explanation as to what happened. Ukraine has denied involvement in the event and blamed it on Russia staging the event. The event, staged or not, increases the probability that Russia may leave or otherwise disrupt the Black Sea export corridor agreement, which helped put a bid under grain markets Wednesday. The CBOT reacted to the Kremlin’s news with bullish shock and wheat and corn futures quickly embarked o...
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
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.