The CBOT started the new week on a bearish note with last week’s WASDE and fund selling as reported in the CFTC report creating pressure. Corn has the most bearish fundamentals right now, so it’s understandable that the market dropped to a new low for the year and broke technical support. Wheat and soybeans seemed a little bit in the passenger’s seat for the day with little fresh news available to offer support. Indeed, soybeans saw selling pressure based on last week’s NOPA crush report that, for the day, overrode any fears about tight U.S. carry-out for 2023. Seasonally, this is the time of year when futures see added pressure as the harvest advances, so it would be unsurprising to see markets continue to drift low...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.