The Dow Jones-UBS Commodity Index was up about 10 percent during the 5 April-25 May period with much of that increase due to soybeans, meal and corn. The primary force behind their surging prices has been the large inflow of noncommercial speculative money into these futures markets from managed commodity funds and hedge funds.The durability and dimensions of the current bull market in CME soybeans, soymeal and corn futures are truly impressive. To show in numbers just how much so, following is a table that compares 5 April and 25 May closing futures prices. For convenience, prices have been rounded to the nearest penny.The rally in soymeal and soybean prices has been remarkable. Corn’s rally has been much less so but still solid. July Chic...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.