THE OPEN July beans: 15 higher July meal: 3.50p higher July soyoil: 38 higher July corn: 22 higher July wheat: 21 higher The markets opened higher than expected with corn, wheat and beans posting new contract highs. Profit-taking was later noted for oilshare, as crude remains weaker due to increasing covid cases in India, perhaps stalling out demand. Unwinding of prev. buy energies/sell the US dollar prompts some bulls to book profits on oilshare. Grains move sharply higher over the soy complex as weather remains dry in Brazil which could lower Safrinha crop production potential, while US spring wheat crops are seeing adverse conditions as well. At 10:00 ex...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
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.