GOOD MORNING, Prices are mixed this morning after several markets traded to technical target highs before encountering profit-taking. The reversal trade calls for some caution on these rallies. There is a Sep. WASDE on the 11th which also calls for caution and some position- evening. The markets continue to build on rallies due to higher exports, which is causing good upward technical momentum. Funds have turned long in corn for the first time this year. Bean prices hit a yearly high, (and the highest level since June 2018), on Chinese demand. Corn prices rally back towards the high end of the trading range as harvest is right around the corner. While corn has a potential story of low...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.