More corn in the domestic market and a weaker Argentine peso helped send local prices lower by AR200/MT ($10/MT), which is good news for certain exporters. Some buyers are not bidding on these stocks, though, for different reasons. Soybeans Brazil A stronger real drove Brazil’s old crop soybean market to an interesting rally last week. The Brazilian currency moved from 3.30 to 3.11 before heading back to 3.13-3.14. Since the country’s farmers had sold a decent volume of old crop soybeans some weeks ago, their selling disappeared last week due to the weaker currency and strong CBOT. Having already sold around 68 percent of that harvest, they are now concentrated on selling corn since it is a huge crop and storage space is limited.Accordin...
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...
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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.