Market prices were driven steadily lower for much of the last six months, largely by the abundance of U.S. and world supplies of grains and soybeans. Nevertheless, USDA's 1 June stocks report should not be ignored as it has a history of producing market-making surprises.As everyone remotely associated with grain markets must surely know, USDA will release its "final" estimate of planted acreage for major and minor spring planted crops plus the 1 June quarterly stocks report on 30 June.This is always one of the most important USDA reports of the year, and markets always look forward to it with eagerness and some anxiety. The USDA/National Agricultural Statistics Service (NASS) acreage estimates are based on surveys and samplings conducted in...
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...
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.