World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Expectations Mostly Met

There were no shocks in today’s June USDA WASDE report, just tweaks that were generally within expectations. Corn, soybeans, soymeal, wheat, and cattle all pretty much settled in the same direction they were at just prior to the report’s release. It is important to note that USDA is not going to change its preliminary estimates for 2025/26 corn and soybeans until it gets the surveyed planted acreage numbers later this month.  USDA left most of its 2025/26 production estimates unchanged but there were some changes within the wheat classes. Winter wheat as a whole was raised 39 MBU, in line with market expectations, with HRW lowered slightly, and SRW and White raised slightly.  U.S. 2024/25 ending stocks were somewhat...

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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.

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