Corn and wheat futures posted a “Turnaround Tuesday” with Monday’s selloff yielding higher prices on a combination of profit taking and short-covering. The soy complex attempted the same but could not hold gains as showers fell across Argentina again and are forecast to continue Wednesday through the weekend. There was little fresh news available for markets and much of Tuesday’s price action was technically driven. Amid the lack of fresh news, the South American weather and export trends and offer prices from major exporters have an outsized impact on futures. Funds were net buyers in corn and wheat and extended their corn longs by some 6,000 contracts while mostly covering some 5,000 contracts of wheat futures. Fun...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.