THE OPEN Nov beans: 2 1/2 higher Dec meal: .80 higher Dec soyoil: 3 higher Dec corn: 3 higher Dec wheat: 3 1/4 higher A higher soy complex trade was noted at the open led by soyoil futures which finally triggered buy-stops when prices took out recent highs. Short-covering continues in the soy complex while grains seem to tread water. Later in the session, September wheat tacked on fresh recovery gains with trade over $5.00. Buy soy/sell corn trade continued in a general theme of end-of-month profit-taking. At 10:00 export inspections were released as follows: beans: 1,031,477 mt vs. 560,856 mt wk ago (vs. an expected 400-800 good) wheat: 390,730 mt vs. 44...
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.