General Comments In the 14 trading days since 21 August, the CME December corn contract has dropped about 63 cents. Price action has been choppy and irregular, but generally without much drama. During that period nothing has happened to change corn market fundamentals materially even though many estimates of corn's yield and production have declined further -- at least slightly.On 4 September the CME November soybean contract hit a high of $17.835. Today, five trading days later, it closed 82 cents lower. The trade's current view of soybean production is mixed with some actually predicting that USDA will raise its September estimate slightly while others look for a slight reduction. Most would agree that only a small change in one direct...
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.