The CBOT was mixed on Tuesday with the worst late-September soybean ratings since 2003 offering support to soybean futures while further strength in crude oil stopped, temporarily at least, the selling in soyoil. Despite the strength in the soy complex, corn and wheat futures struggled to find much upside traction and corn and KCBT wheat futures settled in the red for the day. The day’s most dramatic trade came from the cattle markets where concerns about economic growth and consumer demand for red meat created a sharp selloff in live and feeder cattle futures. To some extent, broader concerns about the U.S. economy, a “higher for longer” interest rate outlook, and stronger U.S. dollar also pressured grain futures. Funds w...
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
Accountability and a comprehensive approach to export programming
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