No Surprises in USDA Supply-Demand Report for Oilseeds There were no significant surprises in today's USDA supply-demand report for oilseeds. In fact, USDA did not make a single change in its forecasts for U.S. soybeans other than narrowing its price range forecast for soybeans. It kept the mid-point price forecast for soybeans at $11.70 per bushel and suggested it would have reduced the U.S. soybeans export forecast if not for its reduction in the South American crop.USDA reduced its forecast for Brazil's soybean crop from 74 MMT to 72 MMT. The forecast for Argentina was reduced from 50.5 MMT to 48 MMT and the forecast for Paraguay's soybean crop was reduced from 7.6 MMT to 6.4 MMT. All three are bit higher than most private estimates,...
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.