General Comments A pretty good way to describe today's grain and soy futures market is simply to point out that corn futures prices traded in a 21- to 25-cent range and that soybean futures traded in about a 31-cent price range. Of course, we should complete the picture by pointing out that those wide trading ranges took corn and soybean prices in opposite directions. Soybeans gained 19-22.5 cents, but corn prices slipped 6-8 cents lower. We should also note that both corn and soybean futures traded their wide price ranges on both sides of the previous closes. It was that kind of a day.Overnight trading started out generally lower, but soybeans and the grains quickly ran into bids that turned prices around and sent them higher. Overnight...
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.