The CBOT started the week on a strong note with continued drought forecast across South America offering support Sunday night. March soybeans ended the overnight session up 8¾ cents after trading as much as 22 cents higher while corn futures firmed 4¼ cents heading into the morning’s open. Even wheat got in on the bullish action with the KCBT market up 7¼ cents overnight. That enthusiasm waned for corn and wheat, however, and both markets settled lower. Technical selling was pronounced in corn as the market passed key support levels and triggered sell-stops in the process. Wheat futures were under bearish pressure but stopped shy of support near their mid-December lows, in a potential positive sign for bull...
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.