The CBOT selloff continued on Monday with new crop corn and wheat futures leading the way lower. Favorable weather for the Corn Belt pressured corn futures while technical selling and position liquidation, combined with softening international demand, kept wheat futures on the defensive. The soy complex found its way higher with spot soyoil and soymeal futures seeing strong support from commercial demand. That kept soybeans from succumbing to corn’s weakness and the oilseed market posted gains for the day. The USDA will issue its Grain Stocks and June acreage reports on Thursday and the market is expecting modest adjustments to the acreage estimates. Specifically, according to Dow Jones’ survey, analysts are looking for a...
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...
From WPI Consulting
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.