Rains in Brazil and Argentina heavily influenced the CBOT to start the week and sent the entire soy complex sharply lower. The precipitation also weighed on corn futures, which settled essentially unchanged, but was offset by the continuing rally in wheat futures. Wheat was again sharply higher and broke technical resistance levels as USDA reported new export sales to China. Beyond that, funds are scrambling to cover their massive short positions, which is driving the highly-technical wheat rally. The outlook for the week features weaker/sideways trade for the soy complex, more upside potential for wheat, and likely choppy but firmer trade for corn. Corn export inspections last week were huge and well above seasonal norms at over 1.1 MMT &...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.