India's soybean processors are struggling to supply the domestic poultry and aquaculture markets with soymeal as they cannot source enough supplies. USDA Reports Soybean Plantings to Rise 6.5 Percent As expected, yesterday's USDA Prospective Plantings report found U.S. farmers intend to plant more soybeans in 2014. It indicated that soybean plantings this year will reach 81.493 million acres, a 6.5 percent rise over last year's plantings of 76.533 million acres and the most ever. The only states not found in the survey with increased plantings this year are Missouri, Oklahoma and Virginia. States with the largest percentage gains are expected to be Texas, North Dakota, Louisiana, Florida and New York. The greatest nominal increases are ex...
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.