Early gains in corn and soybeans gave way to selling pressure this afternoon while poor crop condition ratings for winter wheat boosted prices across the board. Livestock futures continue to implode under the weight of large spring/summer cattle and hogs supplies and weakening cash prices. Outside markets are higher today with the Dow and S&P 500 indexes back in the green after yesterday’s sharp selloff. Talk yesterday afternoon was focused on the S&P 500’s close below the 200-day moving average (MA), which tends to indicate bearish price action ahead. Today, the S&P has traded both sides of unchanged and is currently still below the 200-day MA. The CBOE’s VIX index id down 1.38 percent at 22.25 as of th...
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.