Widely Varying Forecasts for Brazilian Soybean Crop With China resuming its purchases of U.S. soybeans for at least a while, the soybean market’s focus is increasingly on the size of the crop in South America, particularly Brazil’s. Last week INTL FCStone cut its forecast for the Brazilian crop by 4 MMT to 112.2 MMT after making a similar reduction last month. This is one of the lower private sector forecasts, but others are expected to decrease this week as more yield results are reported. Reports indicate the soybean group Aprosoja last week estimated that same crop at only 101 MMT, the lowest forecast by far and 24 MMT below many of a few months ago. Such an output would typically set off a rally in the soybean market, alth...
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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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.