While it is believed that Havana will soon end its dual currency system, there is a suggestion that Greece emerge out of its debt crisis by instead adopting such an approach. Currency Manipulation German Prime Minister Angela Merkel lamented that any strengthening in the euro would make it difficult for Ireland and Spain to continue their austerity reforms. Traders understood, and the euro promptly fell. Meanwhile, Bank of Japan Governor Haruhiko Kuroda said that he could not see the yen weakening any further, and the trade sent the yen higher. Indeed, it appears that the foreign exchange market was reacting to political speech. However, 71 percent of the members on the University of Chicago's national Initiative on Global Markets (IGM) E...
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.