Dec 24 Corn closed at $4.275/bushel, up $0.0125 from yesterday's close. Dec 24 Wheat closed at $5.715/bushel, down $0.0175 from yesterday's close. Jan 25 Soybeans closed at $10.2625/bushel, up $0.225 from yesterday's close. Dec 24 Soymeal closed at $298.5/short ton, up $0.1 from yesterday's close. Dec 24 Soyoil closed at 48.32 cents/lb up 1.98 cents from yesterday's close. Dec 24 Live Cattle closed at $185.825/cwt up $0.425 from yesterday's close. Jan 25 Feeder Cattle closed at $244.325/cwt up $0.3 from yesterday's close. Dec 24 Lean Hogs closed at $81.2/cwt down $0.925 from yesterday's close. Dec 24 WTI Crude Oil closed at $72.05/barrel up $0.36 from yesterday's close. ...
What You Need to Know Today: Chinese officials indicated that China and the U.S. have agreed to cut 10 percent tariffs on imports. Chinese officials confirmed that a “guiding target” has been set for purchases of U.S. agricultural goods, but fell short of confirming that the U.S. r...
Key Takeaways: Soyoil futures have been trading at the highest levels since 2022. Higher crude oil prices have allowed biofuels to be more cost-competitive with fossil fuels. Recent U.S. biofuel policy, including 45Z, has been favorable toward soyoil as a feedstock. California will be limiting...
Free Trade to State Direction Conceptually, American farmers are huge winners under a free trade policy promising fair and equitable terms. As critics of President Trump’s trade wars will be quick to point out, “U.S. farmers have been some of the biggest beneficiaries of U.S...
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.