Jul 21 Corn closed at $6.5925/bushel, down $0.2525 from yesterday's close. Jul 21 Wheat closed at $6.745/bushel, down $0.0625 from yesterday's close. Jul 21 Soybeans closed at $14.7225/bushel, down $0.3625 from yesterday's close. Jul 21 Soymeal closed at $373.9/short ton, down $9.4 from yesterday's close. Jul 21 Soyoil closed at 65.96 cents/lb down 1.02 cents from yesterday's close. Aug 21 Live Cattle closed at $121.275/cwt up $1.25 from yesterday's close. Aug 21 Feeder Cattle closed at $154.6/cwt up $3.425 from yesterday's close. Jul 21 Lean Hogs closed at $118.225/cwt down $1.75 from yesterday's close. Jul 21 WTI Crude Oil closed at $71.12/barrel up $0.21 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.
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...