General Comments It was more of the same for commodity and financial markets today as investor/speculators again scrambled to liquidate long positions. Stocks also worked lower but wound up closing mixed. A late recovery pushed the Dow into the green, and it finished with a 19-point gain. Asian stocks were weak and European stocks were mixed. Worries about Spain's ability to deal with its debt pressured the euro lower versus the dollar.Crude oil and grains led most commodities lower again. The NYMEX spot crude oil contract fell $2.63 to $102.78 for the biggest two-day drop since mid-December. Possible release of oil reserves spurred profit taking. One exception to commodities' down day was NY copper, which showed a small gain.For grains...
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.