General Comments Beginning with the overnight session, the grain and soy markets turned higher, reversing yesterday's losses. By the opening of the day session, "Turnaround Tuesday" was in full bloom with wheat leading the charge. Corn and the soy complex were the followers today, and both of them traded back to about unchanged during mid-session before climbing back to close with solid gains. The wheat market saw no such mid-session equivocation. It was strong all session long, and it closed near session highs.The big trigger for wheat was the extreme cold snap covering portions of Russia, Ukraine and Poland, and the potential winter kill it might cause. It is also quite cold in portions of Western Europe, which similarly raises some fe...
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.