GOOD MORNING, Prices are higher led by the soy complex, with soyoil and bean prices hitting new highs for the move upward. Beans hit 2-month highs and spreads are firmer. Soyoil prices are sharply higher following firmer palm oil direction and higher energies. Macro markets are strong today with energies higher and global equities providing a nice tail-wind for Ags on an across the board "risk-on" day. Inter-market spread trade continues, as traders buy beans (Chinese biz) vs. short wheat (Egyptian biz that gets awarded to Black Sea instead of the US). WEATHER A mixed story, with five-day maps showing good coverage over Kansas, Eastern Neb., Northern MO., most of Iowa, and parts of Minn., Wisconsin, and west...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.