GOOD MORNING, Prices started the night on the defensive led by beans and soyoil, with wheat lower on harvest pressure and still digesting a bearish USDA report from last week. July spread trade continues as a major technical feature, while crush values drive into new lows with beans gaining on flat product trade. Outside markets are of little help this AM as equities trade sharply lower on fears that Coronavirus may spread once again, with an uptick in Beijing cases. Brazil's bean offers are firming, which makes the US even more competitive and could bring back more demand to beans this week. Traders continue to buy beans against short corn. WEATHER Moderate to heavy rains were noted across the Midwest, wit...
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.