General Comments Other than another round of South American crop estimates, there has not been much in the way of fresh input for grain and soy markets. China is on holiday, and much of Europe starts its Easter holiday on Thursday. Friday is a holiday for U.S. grain markets.The Fed released the minutes of its last FOMC meeting, and they revealed some optimism about the economy based on recent developments. However, there was general agreement that unemployment was not declining fast enough to call it a full-blown economic recovery. Concern was expressed that in fact unemployment might worsen if the economic recovery did not pick up steam. However, a large majority of committee members showed no support for any further bond buying program...
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.