Corn, wheat and soybean futures prices all posted new contract lows during the day session today in slow trade. Momentum following funds continued to sell all three markets, and why not? General Comments It was generally a day of slow and low with the market casting off any fears from a potential freeze. Instead, markets are mesmerized by the startlingly high corn and soybean yields in the Delta and southern fringes of the Corn Belt. Traders wonder to what extent the "big crops get bigger" theory will be reflected in Thursday's USDA WASDE. The average trade guess for the corn yield is now over 170 bushels/acre with the soybean yield around 46.5 bushels/acre.Prices began to slide early in overnight trade under the weight of historically hi...
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.