Despite Argentina's high premiums, Brazilian buyers procured corn at $130 over the December contract for delivery in October and November. A large concern for Argentine exporters going forward is that Asia and North Africa cannot afford to pay such premiums, but that will likely benefit two other suppliers. Soybeans Argentine new crop soybeans showed a stronger position after two cargoes were traded at $110 over the July contract (FOB parity $40-43 over July) for shipment between 15 April and 15 May 2017. Last week the same positions were traded at $104 over July while Brazilian soybeans traded $126 over the May contract. That implies a discount of only 22 cents, although it usually ranges between 25 and 35 cents. This week Brazilian buy...
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.