We see today's futures market action as less important for what it did than what it did not do, and suggest that even in a bear market pattern such as we have seen recently, the market is still sensitive to signs of demand. General Comments U.S. stock indices wandered without much direction on either side of unchanged for most of the session. They were just slightly lower at the close. European stocks closed higher, ending their three-day losing streak. A private survey showed mediocre U.S. job gains in January, but the market is waiting for the government jobs report on Friday as the next yardstick to measure the U.S. economy. Stock market analysts are debating whether the recent market plunge is just a necessary correction after the big...
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.