The CBOT was lower on Wednesday, but it wasn’t because of a favorable shift in the U.S. weather. Rather, it was – or at least it seemed to WPI – that technical trading and weak chart conditions kept funds in a selling mood. The managed money activity pushed corn, the soy complex, and most wheat futures lower, despite the fact that the U.S. weather is hot and dry until further notice. As has been frequently noted by WPI and others, the current weather trends are a major challenge for corn and soybean kernel/pod filling with yield potential declining each day the crop stress lasts. But for now, corn and wheat futures seem to be committed to bearish price action with U.S. stocks looking ample while the soybean rally seems to...
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.