Markets were all running for cover last night and today following what was considered a disappointing response to yesterday’s USDA reports. They actually contained a few bullish surprises, and the markets did try to respond by trading higher immediately after their release. However, they didn’t close well. Funds continue to hold big long positions in corn, soybeans, and soymeal. That left some wondering who was left to buy them. U.S. and world weather conditions are perceived by many in the trade to be at least moderating and, in some cases, improving. There are chances for rain across dry parts of Brazil, Russia and the southern Plains. Meanwhile, Australia looks dry as do much of the northern Plains and southern Canada. Lack...
Eid Al-Adha will be celebrated in the Muslim world from 27 to 30 May 2026. The actual dates vary by country. Governments, banks and businesses will all be closed during this period. Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s government reports tha...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
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.