Dec 23 Corn closed at $4.93/bushel, up $0.0725 from yesterday's close. Dec 23 Wheat closed at $6.39/bushel, up $0.2375 from yesterday's close. Nov 23 Soybeans closed at $13.5325/bushel, up $0.2325 from yesterday's close. Dec 23 Soymeal closed at $389/short ton, up $8.3 from yesterday's close. Dec 23 Soyoil closed at 64.09 cents/lb up 0.31 cents from yesterday's close. Oct 23 Live Cattle closed at $178.825/cwt up $0.5 from yesterday's close. Sep 23 Feeder Cattle closed at $248.525/cwt up $1.4 from yesterday's close. Oct 23 Lean Hogs closed at $82.125/cwt up $2.975 from yesterday's close. Sep 23 WTI Crude Oil closed at $81.3/barrel up $0.91 from yesterday's close. ...
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.