The soil moisture-sapping Midwest heatwave is still ongoing, but you might not know that from the CBOT’s action on Tuesday. Both corn and soybeans – the two crops obviously most affected by the current weather – settled lower with soybeans marking a sharp selloff on the charts. Fundamental pressure came from the results of the first day of the Pro Farmer tour, where higher than expected yields were found in Ohio and South Dakota. Yields are far from certain, however, and the current heat could still have deleterious impacts. Soybeans also saw strong pressure from a technical selloff in soyoil, which put funds in a selling mood across the complex for the day. The first day of the Pro Farmer tour estimated Ohio corn y...
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.