Farmers now face a predicament they haven’t faced since the bull market started nearly 10 years ago: they are carrying large old crop supplies and have sold very little of their expected 2015 production.Grain and oilseed prices continue to push lower and the window for a life-saving rally to allow U.S farmers to sell their large remaining old crop supplies is closing. There are significant supplies of corn, wheat and soybeans still sitting in farmer’s bins. The USDA will tell us how big those supplies were as of 1 June at the end of this month. Farmers have been waiting for a rally to finish off old crop sales since the last harvest. Hopes for a weather related rally in soybeans disappeared with record crops in Brazil and Argentina. T...
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.