The CBOT traded a volatile day with overnight weakness leading to a selling spike as the day session started. That weakness, however, was quickly met with end-user buying, bottom-picking, and short-covering that boosted spot corn and soy complex futures while adding strength to wheat markets more broadly. Fresh news was light, but the U.S. weather forecast remains hot and dry for the central and eastern Corn Belt over the next 10 days, which helped create some “weather risk” buying. Funds were net buyers in corn, wheat, and the soy complex, though the activity was heavily focused on old crop futures. The CBOT seems to be hanging on a decision point where futures – and old crop markets in particular - need to decide whether...
What You Need to Know Today: U.S. naval escorts through the Strait of Hormuz and renewed Iranian attacks on vessels and UAE infrastructure are sustaining geopolitical risk across energy and commodity markets Broad profit taking and weaker crude oil triggered a pullback across grains, signaling...
The House Energy and Commerce Subcommittee on Health held a hearing on legislative proposals concerning food regulation and oversight. The hearing was focused on a wide range of bills, in keeping with the Make America Healthy Again (MAHA) agenda, ranging from anti–plant-based dairy produc...
Decline of China Ag Import Market The media has focused on China’s self-sufficiency effort in agriculture and its implications. In a largely political statement, U.S. Trade Representative Jamieson Greer told Congress that the Trump Administration wants to broaden the agricultural imports...
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.