Brazilian States' Reduced Soy Crop Forecasts The government of the Brazilian state of Parana today forecast its 2019 soybean crop at 16.8 MMT, down from its December estimate of 19.1 MMT. The reduction was a result of a significant drought that has impacted yields. The state’s agricultural research agency (Deral) estimates 15 percent of the soybeans have been harvested. It also indicated that 7 percent of the remaining crop is in bad condition with 23 percent in average condition and 70 percent in good condition. Parana is the second-largest soybean producing state after Mato Grosso. Rio Grande do Sul’s agricultural research agency has also lowered its forecast for that state’s production by 340,000 MT to about 18.36 MMT...
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.