The selling pressure continued across the wheat markets, and the soybean market was underwater all day today as the downtrend continues to gain some momentum. Corn, however, did a respectable job of holding together. General Comments It was déjà vu all over again. Markets were easier to start this week Sunday evening on relatively good volume. There was some weekend rainfall across parts of the southern Plains with more in the forecast, although it appears that the big rains are now going to be farther north and east than expected last Friday. Those will hit some of the driest areas of the Corn Belt, notably Missouri and southern Illinois. The USDA reports are this Friday, so the trade likely won’t do much, at least not in any bullish way...
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.