China's average domestic corn price dropped for the second consecutive week, hitting its lowest level since 19 November. As of last Friday, it stood at RMB 2,000/MT ($303.80/MT), down RMB 10/MT ($1.50/MT) from the previous week and 50 RMB/MT ($7.50/MT) lower than the first week of January. Oilseeds Soymeal Inventories Decline for Second Straight Week With the expected decline in soybean processors’ utilization rates, China’s estimated soymeal inventories dropped to 1.43 MMT. They fell 20,000 MT (-11.7 percent) over the past two weeks from 1.62 MMT at the end of the first week in January and 10,000 MT (-6.67 percent) in the last week from a total estimated inventory of 1.53 MMT. On an annual basis, last week’s total was 170,000 MT (+13.39...
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...
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.