GOOD MORNING, Today's price action will be guided by the June 30 Stocks/Acreage report. Trading ranges are confirmed, and though the night trade started with mixed values, all are lower heading into the open except for meal, which is higher on profit-taking in oilshare. There were very few deliveries for first notice day, sending the nearby corn spread to new contract highs. As to the report, bears think that corn acres will be high end, while bulls view a neutral report as possibly more friendly, particularly if China begins to buy anew with a short crop in Brazil for corn. The July/Dec corn spread firms to new ctr highs at 1.50c on tight old crop supply and lack of deliveries, and slow farmer selling...
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.