The CBOT’s Monday trade saw two notable reversals from the recent week’s trends. The first was the strength in soybean futures, which erased all last week’s losses on Monday due to more hot, dry weather for central and northern Brazil. The second reversal was in wheat where funds took a neutral WASDE as a sign the recent rally wasn’t really justified and swiftly sold the market. Wheat futures posted 20- and 30-cent declines, respectively, in the SRW and HRW futures markets in a signal that the former rally is now over. Corn futures were lower for the day in relatively quiet trade but look to be swinging lower towards trading range support. Funds were net sellers in grains for the day and strong net buyers across the...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away from oil and the UAE’s departure from OPEC. Meanwhile, the Palestine issue has been deprioritized, and Iran has emerged as more destabili...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
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.