Corn futures swung back and forth before winding up with modest gains of less than 2 cents. Wheat prices at all three markets clocked double-digit losses today after six consecutive sessions of higher closes. General Comments Energy and financial markets took center stage today. Brent crude oil closed below $90 for the first time in two years, while WTI crude at the NYMEX was down more than $2.00 and near $85.25 at last look. Falling demand for crude oil is seen as signaling global economic weakness. This sent U.S. stocks tumbling lower and more than wiping out yesterday's big gains. The Dow closed down 335 points. Volatility in the stock market is on the rise. This is the third day in a row that the Dow has moved more than 200 points and...
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.