The soybean market staged a late session rally that caught the market by surprise. Its sudden reversal was strong enough to pull corn along with it and even push Chicago and MGE wheat to close with small gains. General Comments Overnight trade saw lower prices develop for corn, wheat and the soy complex, thanks to Argentina’s peso devaluation and the U.S. dollar’s delayed but strong rally in response to the Fed’s interest rate increase. Losses sharpened early in the day session as disappointing weekly export sales volumes underlined the poor demand outlook for U.S. grains, soybeans and products. At their session lows, wheat futures were down about 11 cents. Corn was off 7-8 cents, and soybeans were down 8-9 cents.In fact, today’s markets...
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.