The CBOT was mixed to start the week with soybeans surging early on the hot, dry conditions last week and forecast for this week, with an added boost from a sub-50 BPA ProFarmer yield estimate. Corn followed soybeans higher but ran into resistance just shy of $5 that stalled the day’s progress. Traders are increasingly worried about crop stress over the next few weeks, despite relatively favorable crop tour results. Wheat, on the other hand, found no encouragement from the week’s weather or weekend developments and promptly sold off with both the KCBT and CBOT markets targeting major support levels. Funds were strong net sellers in wheat and were net buyers across the soy complex and corn. The ProFarmer crop tour concluded last...
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.