Despite the choppy markets and what appears to be a pause in the slow upward price trends, quite a few noncommercial fund managers seem comfortable, at least in the medium term, with the conclusion that the current prospects of risks and rewards in the grain/soy markets are tilted in favor of the long side. General Comments Carryover technical selling pressure dominated trade during the overnight session in the absence of any market-moving news. Grain and soy prices edged slightly lower, and trading volume was light.Trading was choppy and without much feature during the day session that again suffered from the lack of fresh input. The nature of today’s trade is well defined by the narrow daily trading ranges of 10 cents for soybeans and 5...
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.