General Comments It was another quiet session in the markets overnight. Soybeans were steady to slightly higher while corn and wheat were steady to slightly lower. Corn was still suffering the hangover from another week of very light export sales. Wheat seemed caught between the strength in oilseeds and the weakness in corn. Soybean demand is incredible and January futures were pushing up against the $15 level. It is, of course, Friday and trading volume was light heading in to the weekend.There is the USDA December WASDE next week, but as Bob Kohlmeyer wrote, the December report will not change any U.S. production numbers. World production can change and demand forecasts can change, but this report is typically not a market changer.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...
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.