THE OPEN July beans: 24 higher July meal: 4.50 higher July soyoil: 120 pts higher July corn: 14 higher July wheat: 6 higher The market opened as called with profit-taking and active index fund rolling taking place. Wheat futures turned lower from higher, having never really joined the rally. Ultimately declining July open interest weighed on spreads and brought some pressure to flat-priced trade as well. At 10:00 export inspections were released as follows: Corn: 1,413,073 mt vs. 2,104,363 mt week ago (vs. an expected 1.8 mt) Wheat: 418,547 mt vs. 260,288 mt week ago (vs. an expected 340,000 mt) Beans: 237,108 mt vs. 194,131 mt week ago (vs. an expected 200,000 mt) Corn export inspe...
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.