The CBOT was mostly higher on Friday with wheat futures leading the way on the heels of a rally in Paris wheat and concerning weather developments for the Northern Hemisphere wheat crops. The soy complex was firmer as well, primarily due to a soyoil rally that found its motivation in the new contract highs in crude oil, palm oil, and gasoline futures this week. Corn was caught between these supportive influences and weak export demand and traders’ expectations for larger U.S. acreage than USDA’s latest report indicated. The Goldman roll started on Friday and will last through mid-next week, which means spreads will be a less reliable indicator of commercial demand during this time. There was scant fresh fundamental news availabl...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on July 1. 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.