Mar 23 Corn closed at $6.54/bushel, up $0.1 from yesterday's close. Mar 23 Wheat closed at $7.5475/bushel, up $0.205 from yesterday's close. Jan 23 Soybeans closed at $14.605/bushel, down $0.2325 from yesterday's close. Jan 23 Soymeal closed at $450.2/short ton, down $21.4 from yesterday's close. Jan 23 Soyoil closed at 62.2 cents/lb up 2.19 cents from yesterday's close. Feb 23 Live Cattle closed at $156.1/cwt up $0.55 from yesterday's close. Jan 23 Feeder Cattle closed at $183.65/cwt down $0.275 from yesterday's close. Feb 23 Lean Hogs closed at $83.7/cwt down $0.3 from yesterday's close. Jan 23 WTI Crude Oil closed at $73.29/barrel up $2.27 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: 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...