The larger-than-expected weekly export sales for corn and wheat were still not large enough to light a fire under either market. General Comments Overnight action saw corn, soybeans and wheat trading higher as they tried to gain back some of Wednesday's losses. That effort continued into the day session which was generally subdued and low volume. USDA's weekly export sales report covering the week ended 12 December was supportive for corn and wheat, but disappointing for soybeans and soymeal. Export sales, Argentine weather and perceptions of the prospects for future demand were what the market had to trade on today, and that proved to be an unexciting mix.The larger-than-expected weekly export sales for corn and wheat were still not larg...
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.