Trends at the CBOT continue to diverge with wheat futures rallying sharply on fresh Chinese interest in U.S. SRW wheat. The wheat market has been the upside leader for the past several sessions as a combination of growing bullish fundamentals and aggressive fund short covering lift the market. Corn futures were higher Tuesday as well, due partly to spillover buying from wheat and partly from pre-WASDE positioning. The soy complex remains the laggard for December with rains in Brazil pressuring the soybean market and weakness in palm oil and crude oil weighing on soyoil. The December WASDE is looming on Friday and traders will increasingly be adjusting positions in expectation of what the report will hold. Trade the rest of the week looks ch...
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.