GOOD MORNING, The soy complex continues to liquidate length on the back of a November WASDE that offered little to be bullish about, with the pattern of lower ending stocks broken. Better weather in Brazil and Argentina continues to pressure the market as planting progress numbers play catch-up. In the background, currency and political issues have turned Brazilian and Argentine farmers into aggressive sellers of new crop. Reports are that Argentine new crop bean sales are 7.2 mmt vs. 2.9 mmt year ago, and corn at 12.4 mmt of corn vs. 4.6 mmt year ago. Unwinding of previous buy soy/sell grains corrects the bean/corn ratio down to 2.4:1, slightly lower than before the report. WEATHER Coldest temp...
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.