Large June NOPA Soy Crush Reaffirms Need for Price Rationing NOPA's crush report of yesterday indicated members crushed 119.05 million bushels of soybeans in June. That was above the average forecast by analysts polled by Reuters of 117 million bushels. The larger than expected crush volume suggests prices have to rise even more to ration the remaining supplies of soybeans between now and when sizable quantities of new crop soybeans begin to enter the market.USDA's June stocks report indicated there were 434.5 million bushels in all positions in the U.S. on 1 June. If USDA's forecast of31 August ending stocks of 125 million bushels is accurate, it means that total crush and exports during June, July and August cannot exceed 309.5 milli...
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.