GOOD MORNING, Prices were stronger with beans rallying higher as more rumors of Chinese business hit the wires. The outlook for China's bean and corn imports continues to be friendly for prices, particularly since China's production outlook was lowered due to multiple typhoons impacting corn. Tender business remains very active for wheat. Funds continue to buy market pullbacks on continued signs of good demand. Higher crude, falling NOPA stocks to a nine-year low, and firm world oil values continues to support soyoil futures and oilshare. Harvest results are gradually coming in and more results will circulate as it proceeds. With a harvest weekend on the way, it could portend more of a two-s...
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.