The CBOT was sharply lower on Tuesday with corn breaking below key technical support points and wheat posting another set of selloff lows. Paris wheat futures set the tone for the grain markets overnight and declined to their lowest levels since September 2021. The big surprise for the day, however, was the CBOT soybean market, which fell to 30-cent or greater losses as funds turned into net sellers overnight and accelerated that liquidation during the day session. Like corn, soybeans also took out key support points, aided by a profit-taking and liquidation selloff in soymeal. The Argentine drought story seems to have run its course and traders are more focused on Brazil’s massive corn and soybean crops as well as the bearish outlook...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
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.