The CBOT started lower today with corn, the soy complex, and wheat all moving into the red overnight. Corn finished the overnight down 4 cents and soybeans down 5 ¼, which was not an insignificant move. Yesterday’s poor technical close in corn and two-sided trade in soybeans left the market with a selling mood last night. The day session saw mostly mixed prices but soyoil triggered buy-stops and moved higher on expectations that the September NOPA report would show tighter soyoil stocks. That lent some support to the soy complex early, but soybeans and meal fell in late-day trading. Corn and wheat were lower with corn on the selling end of soy/corn spreads and wheat finding general resistance on rallies. The...
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.