May 26 Corn closed at $4.435/bushel, up $0.015 from yesterday's close. May 26 Wheat closed at $5.745/bushel, up $0.0475 from yesterday's close. May 26 Soybeans closed at $11.635/bushel, down $0.015 from yesterday's close. May 26 Soymeal closed at $320.9/short ton, down $0.9 from yesterday's close. May 26 Soyoil closed at 61.76 cents/lb up 1.09 cents from yesterday's close. Apr 26 Live Cattle closed at $236.9/cwt down $3.375 from yesterday's close. Apr 26 Feeder Cattle closed at $358.75/cwt down $5.275 from yesterday's close. Apr 26 Lean Hogs closed at $95.725/cwt down $0.475 from yesterday's close. Apr 26 WTI Crude Oil closed at $65.43/barrel up $0.01 from yesterday's close. ...
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.
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...