The CBOT posted a bearish day to finish a bearish week with corn, soybeans, soyoil, and soymeal all scoring new contract lows amid sustained selling pressure. There has simply been no bullish news to stop the flood of sell orders and funds are happy to keep selling short into the ongoing fundamental weakness. Wheat futures pulled back at week’s end as well, amid the weight of spillover selling and export pressure from the Black Sea and Europe. As WPI has said repeatedly this week, the selling will persist until the grain market fundamentals show a surge in demand or some supply threat for Southern Hemisphere crops. WPI hears that some early spring fieldwork is beginning in the corn belt, starting with Iowa and Minnesota where s...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.