The CBOT was mixed again as the central U.S. weather forecast improves. Corn and soybeans traded lower for the day with soybeans posting larger losses as the ongoing collapse of soymeal weighs on the complex. Conversely, stronger energy and palm oil values helped soyoil rally for the day. Wheat futures continue to find support from hot, dry weather forecasts for the PNW and northern Plains that will cut U.S. supplies significantly this year. Funds were net sellers in soymeal and soybeans, flat corn, and modest net buyers in wheat. The coming week will offer meaningful precipitation for the Corn Belt, especially Iowa where rains are badly needed. Notably, however, the PNW remains bone dry while North Dakota and northern Minnesota are...
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.