The CBOT was mixed at mid-week amid a general lack of fresh news. Corn and soybeans both drifted lower in quiet trade and extended Tuesday’s pullback and reversal, respectively. Wheat futures pushed higher as the Ukraine export corridor agreement remains in jeopardy while U.S. basis levels are rising, especially for high-protein wheat. Funds were slight net sellers in corn and cautious sellers in soybeans, having been burned by the WASDE’s unexpectedly bullish implication, and were net buyers in wheat. The Ukrainian export corridor agreement is under fire this week as Russian and Turkish officials meet. On Wednesday, Russian President Putin said that “The issue has not been resolved” regarding his complaint th...
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.