Markets were relatively quiet today. USDA announced the sale of 100,000 MT of soymeal to unknown. That was enough to generate light fund buying that held soybeans higher, although soymeal futures finished the day lower. General Comments Markets were relatively quiet today with corn and soybeans higher and wheat slightly easier. Monday, 30 May is the first holiday of the summer season in the U.S. All markets are closed until 8 p.m. (EDT) that evening. It also marks the start of the North American row crop growing season. Financial markets were also quiet. Equity markets were mostly steady to slightly higher. Crude oil was slightly lower, and the U.S. dollar was strong. The markets are waiting to see what the Federal Reserve does next week...
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.